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ABC has invoiced Rs 1,20,000 to the customer in advance for 12 months in Jun'22 of which ABC Ltd. has delivered services worth Rs. 20,000

image text in transcribed ABC has invoiced Rs 1,20,000 to the customer in advance for 12 months in Jun'22 of which ABC Ltd. has delivered services worth Rs. 20,000 in Sep'22, 30,000 in Dec'22 \& 40,000 in Mar'22. How much revenue would be recognized during the FY2122. 1) Revenue Recognized - 50,000 2) Revenue Recognized - 40,000 3) Revenue Recognized - 90,000 4) Revenue Recognized - 1,20,000

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