If the contract is almost complete, the amount of profit generally transferred to profit and loss account is equal to

Work certified*(Contract price/Estimated price)

Estimated profit*(Contract price/Work certified)

National profit*(Cash Received/Work certified)

Estimated profit*(Work certified/Contract price)

If the contract is almost complete, the amount of profit generally tra

1.	If the contract is almost complete, the amount of profit generally transferred to profit and loss account is equal to
A.	Estimated profit*(Contract price/Work certified)
B.	National profit*(Cash Received/Work certified)
C.	Estimated profit*(Work certified/Contract price)
D.	Work certified*(Contract price/Estimated price)
Answer» D. Work certified*(Contract price/Estimated price)