Question
Which Ind AS deals with Revenue from Contracts with
Customers?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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