NABTEB Accounting 2025 Objective — Question 37

Question 37 of 60 from the National Business and Technical Examinations Board (NABTEB) Accounting 2025 Objective paper, with the correct answer and a full explanation.

What is the percentage of a contract value a client is expected to hold for a specified period after completion of the contract?

A. 50%
B. 40%
C. 30%Correct

Explanation

Typically, 30% of the contract value is retained as retention money until completion of the contract.

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