In which situation, 2/3 of national profit credited to P & L a/c

Related MCQs

• 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 ………………..
• If the value of work certified less than 25% of contract price,profit to be credited to P&L is
• If the value of work certified equal to or more than 90% of contract price, profit to be credited is……………….
• If the contract is almost complete , the amount of profit generally transferred to profit and loss account is equal to
• If the contract is almost complete, the amount of profit generally transferred to profit and loss account is equal to
• When a contract is debited with the original cost of the plant , it should credited with ………… at the end of the year
• The process A/c is credited with
• If abnormal loss has any scrap value , it should be credited to
• A point at which there is neither profit nor loss ………………
• A contract in which the contractor is given the lost of work done plus a certain percentage for profit is called …………………….