Friends,
Pls provide calculation of Notional profit Rs. 58500. in problem no. 9
Attached File : 408827 881057 19725ipcc ca vol1 cp6.pdf downloaded: 237 times
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Please solve doubt - costing
Attached File : 408827 881057 19725ipcc ca vol1 cp6.pdf downloaded: 237 times
Replies (3)
calucation of 58500 given in ur attachment...so wats d problem..??
SANDEEP,
Here the Notional Profit is balancing figure, It is just like a gross profit calculations, You have given all the cost you have incurred and closing stock of materails. You have also the figure of sales i.e, Value of work certified and Value of work uncertified. So, It is just a balancing figure.
Notional Profit = Work Certified+ Work Uncertified - Cost Incurred So Far
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