Profit on incomplete contract is known as ,………..
A) P/L a/c
B) notional profit
C) Net profit
D) completed contract
Correct Answer:
Verified
Q15: The cost which varies proportionate to increase
Q16: The cost which remains constant with change
Q17: ……………….. is an angle formed in break
Q18: …………… is a graphical representation of marginal
Q19: Contract price is fixed in advance
A)Cost plus
Q20: Contract price is the cost of work
Q21: Value of work done to the satisfaction
Q22: A portion of work certified retained by
Q24: Work in the process of completion
A)Work in
Q25: A portion of main contract entrusted to
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