Revenue recognitiin in construction contracts

for y1:
as % of completion is 95%, revenue of 11.4l will be recognised and 7.6l cost will be booked leading to profit of 3.8l

for y2:
no income will be recognised and provision of 0.6l will be booked and exp of 1.4l will be booked[(10*90%)-7.6]
so overall profit booked will be 1.8l for both yr1 &2

entries for y2:

1.for booking expenditure:

expenditure a/c. dr. 1.4l
to cash/bank/creditor. 1.4l

2. for booking provision

estimated loss/provision for loss a/c. dr. 0.6l
to income a/c. 0.6l