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.
Solve the quadratic equations and determine the relation between x and y:Â
Equation 1: 2x² - 10x + 12 = 0
Equation 2: y² - 8y + 15 = 0
A man spends 35% of his income on food, 25% on rent, and the remaining amount on other expenses. If he saves ₹9,000, which is 20% of his income, find ...
Six years from now, the ratio of Krishna's age to his age two years ago is 3:2. Currently, Gaurav is 14 years older than Krishna....
Two individuals, P and Q, set off from points X and Y simultaneously, moving toward each other. P travels at a speed of 60 km/h, while Q moves at 40 km/...
A sum of money becomes ₹7800 after 3 years and ₹8500 after 4 years at simple interest. What is the principal amount?
A principal of ₹5000 is invested at a simple interest rate of 8% per annum. What will be the interest earned after 3 years?
Find the area of the triangle formed by the points A(1, 2), B(4, 6), and C(5, 1).
Suppose Ranjan purchases a bike for Rs. 6,50,000 and sells it for Rs. 8,00,000, calculate the profit % in this transaction.
What will be come in place of (?) in the given number series.
5, 9, 17, 33, ?, 129
