AdminHelpdice Team30 May, 2024When the completion stage of the contract is more than half, the profitto be credited to Profit and Loss account will be equal to…………..1/3rd of Notional Profit x cash received Work certified½ of Notional Profit x cash received Work certified2/3rd of Notional profit x cash received Work certifiedfull Notional Profit.Check AnswerRelated MCQ's ……………..is an example of short-term budget...3 hour ago……………..is an example of long-term budget...3 hour agoMaterial mix variance = standard cost of standard mix - ……………….....3 hour ago……………….is a summary of all function budgets in a Capsule form....3 hour agoWhen 1000 units are 60% complete in a process, it is equivalent to…………….completed units....3 hour agoWhen the actual loss is more than the estimated loss, the differencebetween the two is considered to be……….....3 hour agoWhere raw material is to pass certain stages, before it is convertedinto finished goods, the method of costing used...3 hour agoBoiler house costing is an example of …………….costing...3 hour agoIn transportation costing a composite unit such as …………….is used....3 hour agoThe sum of value of work certified and uncertified appearing in theContract Account is called …………….....3 hour ago