Accountancy, asked by yodeepti31, 5 months ago

value of work certified-500000 cost of work to date-400000. cost of work not yet certified-100000. Notional profit is??​

Answers

Answered by akankshachandel09
4

notional profit is 100000

Answered by vinod04jangid
0

Answer:

Notional profit is 100000.

Explanation:

Notional profit is an estimate of earnings primarily used in the building and construction industry. It is used to smooth out fluctuations in reported revenue due to contracts that take a long time to complete.

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