If the value of work certified less than 25% of contract price,profit to be credited to P&L is
A) No profit is credited to P & L a/c
B) 1/3 of national profit credited to P & L a/c
C) 2/3 of national profit credited to P & L a/c
D) None of these
Correct Answer:
Verified
Q1: The cost of work that has been
Q2: Retention money is retained by whom ………………….
A)Contractor
B)Contractee
C)Both
Q4: In which situation, 2/3 of national profit
Q5: If the value of work certified equal
Q6: Example for cost plus contract
A)Construction work in
Q7: The expenses incurred in extra work is
A)Debited
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