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

1/3rd of Notional Profit x cash received Work certified

½ of Notional Profit x cash received Work certified

2/3rd of Notional profit x cash received Work certified

When the completion stage of the contract is more than half, the profi

1.	When the completion stage of the contract is more than half, the profitto 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» D. full Notional Profit.

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

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