A Ltd. is engaged in multi production/construction and service activities. A Ltd. prepares its financial statements following Indian Accounting…

A Ltd. is engaged in multi production/construction and service activities. A Ltd. prepares its financial statements following Indian Accounting Standards and follows April-March as its financial year. During the year 20X1-20X2, the company has faced following issues and for their solution seeks your professional advice: (i) A Ltd. produces aircrafts. The length of time between first purchasing raw materials to make the aircrafts and the date the company completes the production and delivery is 9 months. The company receives payment for the aircrafts 7 months after the delivery. (ii) A Ltd. provides advertising services to its customers. A Ltd. enters into a sub-contract with a multinational online video sharing company, F Ltd. Under the sub-contract, F Ltd. places all of A Ltd.'s customers' adverts. A Ltd. notes the following: A Ltd. works directly with customers to understand their advertising needs before placing adverts.A Ltd. is responsible for ensuring that the advert meets the customer's needs after the advert is placed.A Ltd. directs F Ltd. over which advert to place and when to place it.A Ltd. does not bear inventory risk because there is no minimum purchase requirement with F Ltd.A Ltd. does not have discretion in setting the price because fees are charged based on F Ltd.'s scheduled rates. Analyze the transactions mentioned above and choose the most appropriate option in the below questions 1 to 3 in line with relevant Ind AS: