Question: ABC Company engaged in a subcontract with Padma Bridge amounting to Tk.50, 00,000. First-year ABC used Tk.20, 00,000, second-year 5,00,000 and third year 10,00,000. Work

ABC Company engaged in a subcontract with Padma Bridge amounting to Tk.50, 00,000. First-year ABC used Tk.20, 00,000, second-year 5,00,000 and third year 10,00,000. Work certified was 45 % , 65 %, and 85% respectively received bill accordingly after the provision of 10% cash retention. Calculate how much ABC transfers profit to P&L account the first, 2nd, and 3rd year?

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