Question: Please answer question 3 Nanas Bhd sold a car, including 2 years servicing to Ciku Trading for RM60,000. The car was delivered to Ciku Trading

Please answer question 3 Please answer question 3 Nanas Bhd sold a car, including 2 years

Nanas Bhd sold a car, including 2 years servicing to Ciku Trading for RM60,000. The car was delivered to Ciku Trading on 1 October 2021. Nanas Bhd usually sells the car without servicing for RM59,000 and 2 years servicing is sold for RM3,000. Required: Discuss how Nanas Bhd should recognize revenue from the contract with Ciku Trading for the year ended 30 September 2022. (10 marks)

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