How much income wil rcognise for the period?

G.S Reddy (Article Student.) (41 Points)

06 April 2009  

X is a company & Y is a company form a new company XY.

XY awarded BOT Contract of road construction.For execution project awarded to X. X submiting bills to XY.XY not Certifying the bills,but releasing interim payments.How much income wil recognise by company X ?

1.amount relesed by company XY?

2.Bill submited amount?

3.Cost+Profit percentage of Execution work?