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    Question

    Which Ind AS deals with Revenue from Contracts with

    Customers?
    A Ind AS 115 Correct Answer Incorrect Answer
    B Ind AS 2 Correct Answer Incorrect Answer
    C Ind AS 21 Correct Answer Incorrect Answer
    D Ind AS 109 Correct Answer Incorrect Answer
    E Ind AS 18 Correct Answer Incorrect Answer

    Solution

    Ind AS 115, Revenue from Contracts with Customers, is an Indian Accounting Standard that deals with the recognition of revenue from contracts with customers. Ind AS 115 replaces Ind AS 18, Revenue, and Ind AS 11, Construction Contracts. It provides a single comprehensive framework for accounting for revenue from contracts with customers, regardless of the industry or nature of the business.

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