Question
N.P. Jewelers received an order to supply gold ornaments worth Rs 5,00,000. They supplied ornaments worth Rs 2,00,000 up to the year ending 31st March 2018 and rest of the ornaments were supplied in April 2018. What shall be the revenue of N.P. Jewelers for the year ending 31st March 2018?
Answer: Option C
:
C
The revenue for the year 2018for N.P. Jeweler is Rs 2,00,000. Merely getting an order is not considered as revenue until the goods have been delivered.
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:
C
The revenue for the year 2018for N.P. Jeweler is Rs 2,00,000. Merely getting an order is not considered as revenue until the goods have been delivered.
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