Question
V Ltd. sells Customer C a water purifier and
maintenance service for 2 years for a total consideration of Rs 20,000. As per IND AS 115, determine how many performance obligations does the entity have?Solution
Water purifier and Maintenance service of the water purifier are two separate performance obligation, revenue will be recognized as and when each performance obligation will be completed.
select the most appropriate option to substitute the bold segment in the given sentence. If there is no need to substitute it , select ‘ No Substituti...
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After new evidence was presented in court, the man who had been wrongly accused of the crime was finally exonerated and released from prison.
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