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1). On 1st December, 20x1, Vishwakarma Construction Co. Ltd. undertook a contract to construct a building for 85 lakhs. On 31st March, 20x2, the company

1). On 1st December, 20x1, Vishwakarma Construction Co. Ltd. undertook a contract to construct a building for 85 lakhs. On 31st March, 20x2, the company found that it had already spent 64,99,000 on the construction. Prudent estimate of additional cost for completion was 32,01,000. What amount should be charged to revenue in the final accounts for the year ended 31st March, 20X2 as per Ind AS 11

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