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

MCQOPTIONS

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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