Advanced AccountingMCQQuestion 5928 of 302
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3. What is the amount of contract revenue recognized in each year of contract?

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — Year 1: ₹ 80 crore, Year 2: ₹ 80 crore and Year 3: ₹ 80 crore

All Options:

  • AYear 1: ₹ 80 crore, Year 2: ₹ 80 crore and Year 3: ₹ 80 crore ✓
  • BYear 1: ₹ 40 crore, Year 2: ₹ 116 crore and Year 3: ₹ 84 crore
  • CYear 1: ₹ 37.60 crore, Year 2: ₹ 118.40 crore and Year 3: ₹ 84 crore
  • DYear 1: ₹ 37.60 crore, Year 2: ₹ 120.80 crore and Year 3: ₹ 81.60 crore

Detailed Solution & Explanation

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

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