Q.

When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to…………..

A. 1/3rd of Notional Profit x cash received Work certified
B. ½ of Notional Profit x cash received Work certified
C. 2/3rd of Notional profit x cash received Work certified
D. full Notional Profit.
Answer» C. 2/3rd of Notional profit x cash received Work certified
557
0
Do you find this helpful?
8

Discussion

No comments yet