debited to contract a/c
credited to contract a/c
debited to contractor a/c
debited to profit and loss a/c
Answer is Wrong!
Answer is Right!
The correct answer is A. debited to contract a/c.
Work uncertified is the work that has been completed by the contractor but has not yet been certified by the owner. This work is recorded as a debit to the contract account and a credit to the contractor’s account. This is because the contractor has incurred the cost
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