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Ascertain the amount of correct revenue realised for

the year ending 31 st March 2017 in each of the

following cases :

(i) An order to supply goods for Rs. 12 lacs is

received in Jan 2017. The goods have been

supplied only for Rs. 10.50 lacs in Feb. 2017.

(ii) What will be the revenue in (i) above, if the

payment of Rs. 10 lac is received in cash in

Feb-2017 and the balance payment of Rs. 50000

is received in Jun 2017,

P.T.O.

(870)2

ACCT602

(iii) What will be the revenue in (i) above, if the

goods have been sold on credit and the payment

of Rs. 10.50 lacs is received in Jun 2017 while

all the goods of Rs, 12 lacs were supplied in

Feb. 2017.

(iv) What will be the revenue in (i) above, if an

advance payment of Rs. 50000 is received in

Jan 2017 and the balance in Jun 2017