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Q. |
When the completion stage of the contract is more than half, the profit to be credited to P/L a/c will be equal to ……………….. |
A. | 2/3 *notional profit *CR/WC |
B. | Estimated profit *W.C/contract price |
C. | 1/3 * N.P * CR/W.C |
D. | Total profit |
Answer» A. 2/3 *notional profit *CR/WC |
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