Question: Question 2 Sdn Bhd is involved in business consultancy services. On 1 April 2018, it secured a contract to rovide landscape consultancy to JJ Sdn

Question 2 Sdn Bhd is involved in business consultancy services. On

Question 2 Sdn Bhd is involved in business consultancy services. On 1 April 2018, it secured a contract to rovide landscape consultancy to JJ Sdn Bhd for two years. The total consultancy fee is RM2.000.000 The costs of providing the service are mainly professional fees, supplies and materials used, plus allocation of overheads. As at 31 March 2019, Max incurred the following costs and the costs estimate were made: Cost incurred to date RM200,000 RM800,000 Estimate of further costs to complete service The entity uses cost incurred as a basis to measure the stage of completion of a service contract Required Determine the amount of revenue that should be recognised by the entity for the year ended 31 March 2019 (5 marks) Question 3

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