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Revenue recognition, Contract Val 100000, Contract period 4 years, Actual cost 1st year 20000, Estimated cost 80000, PC certified 20000 PC certified 20000, can you answer the question below?

What revenue for first year to book ,if we use percentage completion method revenue will be0 for first year , but since pc certified by client is only0 for1st year how to prove auditors revenue

Revenue Building
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Question added by Shanavas Vattaparambil , Accountant , Al futtaim tarmac
Date Posted: 2016/04/29
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