Q. If the value of work certified less than 25% of contract price,profit to be credited to P&L is (Solved)
1. No profit is credited to P & L a/c
2. 1/3 of national profit credited to P & L a/c
3. 2/3 of national profit credited to P & L a/c
4. None of these
- a. No profit is credited to P & L a/c