Menu
Costing query
from the following compute a conservative estimate of profit by 4 methods on a contract which hs 80% cmplt : total exps rs. 850000 estimate further exps rs.170000 cont price rs.1530000 work certified rs.1000000 work not certified rs.85000 cash recd rs.816000. I dnt wann detailed calculatin i jst wann to knw whethr th ans is a.)125333 or b.)272000??????????????? thank u.....
Replies (2)
| Originally posted by : uma somani | ||
 |
from the following compute a conservative estimate of profit by 4 methods on a contract which hs 80% cmplt : total exps rs. 850000 estimate further exps rs.170000 cont price rs.1530000 work certified rs.1000000 work not certified rs.85000 cash recd rs.816000. I dnt wann detailed calculatin i jst wann to knw whethr th ans is a.)125333 or b.)272000??????????????? thank u..... |
 |
Most conservative Profit is 1,25,333.
.
[IPCC Nov 2012 Q.3(b), ICAI Suggested Answer]
https://220.227.161.86/29363suggans_ipcc_nov12-3.pdf
Thnk u mr. Deepak gupta....bt here it is said tht v hv to compute frm estimate profit by appling 4 methods..nd by appling those 4 methods v get least profit rs.272000 dn why icai compute profit by appling notional profit....??????????????
Recent Topics :
- Cialis 20 mg – General Information About Tad
- Comparative BS PL with Audit report
- Source of funds in IT returns
- Work from home job
- TDS ON ANY PURCHASE OF ANY GOODS - 393(1)
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
Related Topics :
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
