Question

How to calculate notional profit when value of incomplete is given?

Answer 1

Heya.....

See here for your answer....

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While calculating national income by income methods we must add the profit...

But if profit is not given or incomplete then we can find it by...

Adding up..

Cooperate tax

+

Undistributed profit

+

Dividends...

-- Be Brainly...

Answer 2

The estimated total profit on the contract can be calculated by deducting the total cost from the contract price. The profit and loss account should be credited with the proportion of total estimated profit on cash basis, which the value of work certified bears to the total contract price.