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When the Completion Stage of the Contract Is More Than

Question 20

Multiple Choice

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

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