Question

Match the Pairs :

Column 'A'	Column 'B'
(1) Plant Lost or Damaged	(a) `2/3 xx"Notional Profit"xx"Cash Received"/"Work Certified"`
(2) Plant Purchased	(b) No profit should be taken into Account
(3) Work Certified >`1/2` of Contract Price	(c) Credited to Contract Account
(4) Work Uncertified	(d) Debited to Contract Account
(5) Contract Less than 25% Complete	(e) Valued at Cost

Answer 1

Column 'A'	Column 'B'
(1) Plant Lost or Damaged	(c) Credited to Contract Account
(2) Plant Purchased	(d) Debited to Contract Account
(3) Work Certified >`1/2` of Contract Price	(a) `2/3 xx"Notional Profit"xx"Cash Received"/"Work Certified"`
(4) Work Uncertified	(e) Valued at Cost
(5) Contract Less than 25% Complete	(b) No profit should be taken into Account