Accountancy, asked by padalesayali, 8 months ago

a) 2,00,000
25. The total profit on a contract for 3,00,000 is 60,000 and the contract is 60%
complete and has been certified accordingly. The retention money is 20% of the
certified value, then the amount of profit that can be prudently credited to Profit and
Loss Account
a) 60,000
b) 36,000
c) 28,800
d) 48,000

Answers

Answered by omg02657

0

Answer:

a 60,000. this answers

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