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Commerce · Q180

Costing

Graduate and Post Graduate · Commerce · question 180

Q180

When cash is received from contractee which a/c should be credited.

A.
Cash a/c
B.
Contract a/c
C.
Contractor a/c
D.
Contractee a/c
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
When cash is received from contractee Contractee a/c should be credited.