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.
A civil dispute regarding the establishment of a right of way over a property. The plaintiff produces evidence of a deed from 50 years ago that granted ...
What is the Limitation period of recovery of immovable property?
Which section of the Act deals with dumb witnesses______
Which section of the Banking Regulation Act delas with the provisions relating to rates of interest charged by banking companies not to be subject to s...
Who bears the burden of proof in offences under the PMLA as provided in Section 24?Â
Section 75(1) empowers which Magistrate to direct a warrant to any person within his jurisdiction for arrest of an escaped convict, proclaimed offender,...
Under Section 95 of the Bharatiya Nyaya Sanhita, what is the punishment for a person who hires, employs, or engages a child to commit an offense?
The term negotiation of the negotiable instrument act 1881 refers to:
The Clyton Rule is applicable to which of the following ?
Time-limit of arbitral award in case of International Commercial Arbitration is_______?
