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?Solution
• ₹8 Cr for software recognized in Year 1 • ₹4 Cr remaining = ₹1.33 Cr/year ⇒ Revenue in Year 2 = ₹1.33 Cr
More Accounts Questions
Grodex test is used in the determination of
Which of the following is the progeny of breeder seed and is responsible for producing certified seed?
National Seed Corporation was established in
Which of the following is not matched correctly?
Diploid chromosome number of safflower is
Molya disease in wheat is caused due to _____
What is the color of the tag used for certified seed?
National seed act was passed in
Which of the following is a method to break seed dormancy?
For how long can a certified seed be used?
