Multiple Choice
If the contract is almost complete , the amount of profit generally transferred to profit and loss account is equal to
A) Estimated profit * work certified/ contract price
B) Estimated profit * contract price / work certified
C) Notional profit * C.R/ W.C
D) Notional profit W.C/ C.R
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q15: Where raw material is to pass certain
Q16: Scope of specific order costing is very
Q17: Cost of producing an additional unit of
Q18: In a contract costing most of the
Q19: Average unit cost for each process is
Q20: When the completion stage of the contract
Q21: ……………. In a contract , provides that
Q22: Where actual loss in a process is
Q23: When the actual loss is more than
Q24: In job costing each ………. Is a