Question
A software firm enters a contract for software license,
customization, and after-sales support. Revenue is recognized over time for customization but at a point in time for the license. Which Ind AS governs this?Solution
Ind AS 115 deals with multi-element arrangements and prescribes when revenue should be recognized — over time or at a point — depending on control transfer.
Select the most appropriate antonym of the given word.
PERSEVERANCE
- Choose the word that is most similar in meaning to the bold word.
The scientist's theory was abstruse , making it difficult for many to grasp.
... Select the most appropriate meaning of the word marked in bold letters according the context in which it has been used.
On account of the pau...
- In each of the following questions, a pair of words is given. This pair is followed by four other pairs, one of which has a relationship most similar to th...
Find the word with the appropriate similar meaning of the word in Italic from the options given:
The team worked on the project with zeal .
...One vowed to a single or unmarried life.
Choose the correct synonym of the word - Lethargy
Select the word that is closest in meaning (SYNONYM) to the word given below
Equivocal
Fill in the blanks with the appropriate antonym of the word in Italic from the options given:
His audacity surprised everyone, but his collea...
Choose the incorrectly spelt word.
