Question
A construction company signs a ₹50 crore contract for building a bridge over 5 years. It recognizes revenue based on the percentage-of-completion method. At the end of Year 2, 40% work is complete. What is the revenue to be recognized?
More Accounts Questions
- Unearned premium reserve (UPR) at year-end requires time-apportionment for annual policies. For a policy written on 1 Nov with annual premium ₹24,000, how ...
- Under project financing for highways (PPP), the typical security for lenders may include:
- Under the head Income from other sources, Family pension received is exempted upto ______.
- An entity recognizes a remeasurement gain from a defined benefit plan directly in OCI in the current year. Tax law in the jurisdiction allows a tax deducti...
- Under Section 146 of the Companies Act 2013, an auditor has a right to attend any general meeting:
- A project requires ₹4 lakh initial investment and yields ₹1 lakh annually for 5 years. If the cost of capital is 10%, what is the Net Present Value (NPV)?
- The primary purpose of calculating the 'Interest Coverage Ratio' is to assess a company's ability to pay:
- Which type of bond has a duration equal to its remaining time to maturity?
- A registered person cannot transport goods in a vehicle without a generated E-Way bill if the value of the goods (for a single invoice/bill/delivery challa...
- A company earned a profit of Rs. 10,000 during the year. If the marginal cost and selling price of the product are Rs. 2 per unit and Rs. 4 per unit respec...
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
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)