Question
A software company enters into a ₹10 lakh contract including installation and training. Installation is ₹8 lakh and training ₹2 lakh. Installation completes in March 2024 and training continues till May 2024. As per Ind-AS 115, how much revenue should be recognised by 31st March 2024?
More Accounts Questions
- X Ltd. is committed to supply 24,000 bearings per annum to Y Ltd. on steady basis. It is estimated that it costs 10 paise as inventory holding cost per bea...
- The Audit undertaken to check the implications of the top management decisions, having a financial bearing is otherwise known as:
- A company has fixed costs of ₹80,000, variable cost per unit ₹40, and selling price per unit ₹60. What is the break-even sales (in units)?
- Bank loans to startups are eligible for classification under Priority Sector Lending up to what limit?
- From the below mentioned, IND AS 16 can be applied to which of the following?
- A cost that has already been incurred and cannot be recovered is known as a:
- What is the primary purpose of the Income Computation and Disclosure Standards (ICDS)?
- A firm has EBIT of ₹10 lakh, tax rate 30%, cost of equity 15%, and cost of debt 10%. It has 50% debt and 50% equity. Calculate WACC (assuming book values =...
- The coefficient of correlation takes the value in which of the following ranges?
- Every company EXCEPT a ______ is required to hold an annual general meeting every year.
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)