Profi t in incomplete contract is known as notional profi t because (a) It is not real

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Profi t in incomplete contract is known as notional profi t because

(a) It is not real profi t

(b) Real profi t will be ascertained when the work is complete

(c) There is no such incomplete contract

(d) The profi t is only an approximation

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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