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Worksheetscost account
Total questions: 10
Worksheet time: 2mins
Name of the person incharged as Head Of Commerce Department
Pn. Sarimah Ismail
En. Ashraf Mohamed
Pn.Rosmizar Mohd Rosli
En Khairulnizan Abdul Kadir
Which programme that not been offered at PSP's Commerce Department?
DAT
DIB
DPR
DPM
which are not listed as element of cost in contract account
direct material
direct labour
depreciation expense
sub-contractor expenses
which account that no need to be prepared in contact account?
contract account
cash account
contractee account
certified certificate account
what does it mean by retention money?
payment that contractee need to pay to contractor
payment that is withheld pending the completion of some specified condition
payment that contractor need to pay to contractee
payment that contractee need to pay to sub-contractor for the contract that they have completed
Apparent profit can be divided into two categories that is reserve and ....
net profit
gain on disposal
current profit
gross profit
contractee is the project owner & all the transaction in contractee account should be treated as....
cah account
payable account
revenue account
receivable account
Architect's certificate is....
document certified by contractor based on completion of the contract
document certified by an architect based on working in progress of the contract
document certified by an architect based on completion of the contract
document certified by contractor based on workin in progess of the contract
Problems arise when the contract is more than one year except...
problem relating only to the first year of contract
problems relating to the second and subsequent years
problems based on estimated profit
problems relating to choose sub-contractor that can finish the project on schedule.
Which item that not been record in Statement of Financial Position
net book value of non-current asset
closing direct material
retention money
direct labour
