Question

A company recognises revenue over time for a contract. Costs incurred to date = ₹40,00,000; total estimated cost = ₹1,00,00,000; total contract price ₹1,40,00,000. Revenue recognised to date = ? (cost-to-cost method)

A ₹56,00,000
B ₹40,00,000
C ₹64,00,000
D ₹1,40,00,000
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