Cost Accounting MCQ: 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………….. | Extra Education

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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…………..

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

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Cost Accounting MCQ: 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………….. | Extra Education