1.

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 ..

A. 2/3 *notional profit *CR/WC
B. Estimated profit *W.C/contract price
C. 1/3 * N.P * CR/W.C
D. Total profit
Answer» B. Estimated profit *W.C/contract price


Discussion

No Comment Found