Q172
Profit to be transferred to profit and loss a/c, if the contract is complete to the extent of only 20% is ________.
A.
nil
AnswerB.
20%
C.
25%
D.
75%
Answer: Option A
Solution
Answer: Option A
Solution:
Profit to be transferred to profit and loss a/c, if the contract is complete to the extent of only 20% is nil.