Question
Which of the following IND AS deals with revenue from
contracts with customers?Solution
IND AS 115: Revenue from Contracts with Customers is an Indian Accounting Standard that provides guidance on how to recognize revenue from contracts with customers. It is based on the core principle that revenue should be recognized when it is probable that future economic benefits will flow to the entity and these benefits can be measured reliably. In Accounting Standards: AS 9 ‘Revenue Recognition’ provides guidance on when and how to recognize revenue from a variety of transactions. Rest of the IND AS mentioned in question deals with the following: IND AS 109 Financial Instruments IND AS 101 First time adoption of Indian Accounting standards IND AS 102 Share-based Payment IND AS 16 Property, Plant & Equipment
What is the empirical relation between mean median and mode in positively skewed frequency distribution?
Which crop is most responsive to the application of sulfur fertilizers, particularly in terms of oil content and quality?
Alteration of amino acids in sequence without altering protein function is called asÂ
The optimum crop combination for strip cropping
Which method is commonly used to determine the soil texture?
According to need hierarchy theory, safety needs are fulfilled after satisfying of which need?
How do insects provide benefits to ecosystems and agriculture beyond pollination?
Match the following: -
Toxicity of which element leads to the unavailability of iron and zincÂ
Which disease(s) induce floral abnormalities?