Question
A company enters into a contract to construct a
specialized asset over 4 years. At the end of Year 2, total costs incurred are ₹60 lakh, estimated total costs are ₹100 lakh, and total contract revenue is ₹130 lakh. Which amount should be recognized as revenue till Year 2 under AS 7?Solution
Revenue recognized = (Costs incurred / Total estimated costs) × Total contract revenue = (60/100) × 130 = ₹78 lakh.
 In which state/union territory is Losar celebrated to mark the start of the new year in that region?
Estimates of National income in India is prepared by -Â
Who wrote the book ‘If God Was A Banker’?
Who is the winner declared when the weightlifting competition is tie?
As per a paper published in June 2022, 90% of the education loans is disbursed by?
Indian Olympic Association (IOA) was formed in the year ______.
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Bank of Baroda raised __________ through Basel-III Tier-II bonds with a 10-year maturity period at 7.75% and has received a total of 88 bids amounting...
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