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.
More Accounts Questions
3, 6, 18, 90, 630, 5670
332, 404, 350, 390, 360, 380
42, 61, 78, 93, 102, 109
66, 220, 384, 543, 702, 861
45, 166, 310, 480, 675, 900
Find the wrong number in the given number series.
32, 61, 92, 129, 170, 211
- Find the wrong number in the given number series.
310, 259, 208, 167, 128, 115 Find the wrong number in given number series.
2669, 2838, 2993, 3185, 3397, 3629
- Find the wrong number in the given number series.
10, 35, 260, 885, 2110, 4135 Find the wrong number in given number series.
1177, 1161, 1125, 1061, 961, 837.
Relevant for Exams:
