Apex Transport Company (ATC) owns the license to operate public transport vehicle on route no. 777. Sigma College (SC) wishes to use it license to operate for one round tour only and pays  ₹35,000 license fee. ATC also passed on the license to GTC LTd for a period of two years by charging  ₹ 24,00,000 upfront for the whole period. Out of this, nine months fall in the financial year 2009–10. Show how this license fee is to be recognized as revenue in the books of ATC.