In a building contract of Rs. 1,50,000, the certified work at the end of financial year is Rs. 1,00,000 and estimated profit is Rs. 12,000. What is the amount of profit to be credited to the Profit and Loss Account assuming cash received ratio to 75% ?

  1. Rs. 5,333
  2. Rs. 6,000
  3. Rs. 10,000
  4. Rs. 9,000
2. Rs. 6,000

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