If the value of work certified equal to or more than 90% of contract price, profit to be credited is……………….

Related MCQs

• If the value of work certified less than 25% of contract price,profit to be credited to P&L is
• 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 ………………..
• The portion of value of work that has been done by the contractor and architect or supervisor of the contractee certified that work 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
• ……….. is the portion of work certified not paid by the contractee till completion of the work
• A portion of work certified retained by contractee is known
• ……………. In a contract , provides that the contract price would be suitably enhanced on the happening of a specified contingency
• A contract in which the price is fixed in advance is a ………….. contract
• In which situation, 2/3 of national profit credited to P & L a/c