In which situation, 2/3 of national profit credited to P & L a/c | Faculties

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Mr. Dubey

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📊 Applied Cost Accounting

Q. In which situation, 2/3 of national profit credited to P & L a/c

(A) If the value of work certified equal to or more than 90% of the contract price
(B) If the value of work certified less than 25% of the contract price
(C) Both a and b
(D) If the value of work certified equal to or more than 50% but less than 90% of the contract price

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✅ Correct Answer: (D) If the value of work certified equal to or more than 50% but less than 90% of the contract price

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