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

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1.	When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to ..
A.	1/3rd of notional profit x cash received work certified
B.	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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