Question
Under Ind AS 115, a construction company enters into a
contract to build a dam over 4 years. Revenue is recognized over time based on cost incurred to date. In year 2, 50% of the cost is incurred. How should the company recognize revenue?Solution
Ind AS 115 follows the performance obligation method. If performance is satisfied over time, revenue is recognized proportionately. Since 50% cost is incurred, 50% revenue is recognized, assuming cost-to-cost method is used as the input method.
Statements:
All bats are wickets.
No bat is a field.
Conclusions:
(I) No wicket is a field.
(II) Some fields are...
If P@Q means P is the father of Q, P*Q means P is the brother of Q, P%Q means P is the mother of Q and P$Q means P is the daughter of Q, then in M % I $...
Four of the following five are similar in a certain way, which creates a group.Â
Which of these is not related to this group?Â
U, R, Y, S, W
In the following question, select the missing number from the given series.Â
451, 472, 493, 514, ?, 556Â
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...
Select the figure from among the given options that can replace the question mark (?) and logically complete the series.
Study the given pattern carefully and select the numbers from among the given options that can replace the question marks (?).
In a certain code language, 'FORCE' is coded as '83052', 'GAMES' is coded as '42761', 'FORUM' is coded as '08957'. What is the code for 'C' in that code...
Find the missing term in the following series:
VYB, SVY, _____, MPS
Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(11, 8, 352)
(15, 6, 360)
