How much profit do you transfer to profit and loss account in the following case ?
Contract cost - 56000
Contract value - 1000000
Cash received - 540000
Work uncertified - 60000
Deduction from bill by way of security deposit @ 10%
How much profit do you transfer to profit and loss account in the following case ?
Contract cost - 56000
Contract value - 1000000
Cash received - 540000
Work uncertified - 60000
Deduction from bill by way of security deposit @ 10%