Question

Following information has been provided by a contractor

for the year ending 31-3-2020. (a) Total expenditure till 31-3-2020 is Rs. 5,000. (b) Work certified till 31-3-2020 is Rs. 7,500. (c) Estimated further expenditure to compete the contract will be Rs. 3,000. (d) Contract Price is Rs. 11,000. Find out estimated profit of the contract.

A Rs. 2,000

B Rs. 3,000

C Rs. 3,500

D Rs. 6,000

Practice Next

More Accounts Questions