COST Accounting
This query is : Resolved
Manmohan ACA, CS
(Expert)
07 July 2009
Profit that has not been really earned . but estimated for work done taking notional data. remember in contract a/cing
Notional profitis the difference between the value of work certified and cost
of work certified. It is determined :
Notional profit = Value of work certified – (Cost of work to date – Cost of work not yet certified)
Notional profitis the difference between the value of work certified and cost
of work certified. It is determined :
Notional profit = Value of work certified – (Cost of work to date – Cost of work not yet certified)
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