Question
Company signs a ₹12 crore contract to deliver a software + annual maintenance for 3 years. Software is delivered in year 1 (₹8 Cr value), rest allocated to maintenance equally over next 3 years. How much revenue will be recognized in Year 2?
More Accounts Questions
- Mr. Rohit and Mrs. Rohit hold 20% and 30% equity shares in Virat Ltd., respectively. They are employed in Virat Ltd. (taxable salary being ₹2,20,000 p.a. a...
- What is the maximum cost of the project/unit allowed under PMEGP for 2nd loan in the manufacturing sector (for upgradation)?
- Which of the following is true?
- Under the Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE), what is the guarantee cover tenure for working capital facilities?
- In relation to trend analysis, which of the following statements is/are correct? Statement-1: The trend analysis of ratios indicates whether the financial...
- An interface that allows user to store data in a two-tier architecture is known as _______.
- With reference to the service sector in India, which of the following statements is/are incorrect? I. The share of Services in GVA has been s...
- _______ Ratio is the indicator of firm’s financial leverage.
- The respective normal account balances of Sales, Sales Returns and Allowances, and Sales Discounts are?
- Read the following information to answer the below questions: Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inventorie...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
