If the contract is almost complete , the amount of profit generally transferred to profit and loss account is equal to | Faculties

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Mr. Dubey

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📊 Applied Cost Accounting

Q. 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

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✅ Correct Answer: (A) Estimated profit * work certified/ contract price

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