Applied Cost Accounting MCQ: If the contract is almost complete, the amount of profit generally transferred to profit and loss account is equal to | Extra Education

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

Correct Answer: Estimated profit*(Work certified/Contract price)

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Applied Cost Accounting MCQ: If the contract is almost complete, the amount of profit generally transferred to profit and loss account is equal to | Extra Education