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?Solution
Revenue is recognised as control transfers. Installation completed, so ₹8 lakh recognised. Training is a separate performance obligation to be recognised later.
Every partner of a limited liability partnership is, for the purpose of the business of the limited liability partnership________
According to section 32 of the Specific Relief Act an instrument can be cancelled in part when
As per the observations made by the Hon’ble Supreme Court in Reserve Bank of India Vs. Jayantilal Mishra the RBI :
Which of the following case discuses about preventive detention?
The Insurance Advisory Committee shall consist of_______________________
For what can a specific relief be granted__________
Adultery by a Hindu Husband is a :
No prospectus shall be valid if it is issued ____________ after the date on which a copy thereof is delivered to the Registrar
According to the Motor Vehicles Act death of insured-
In which case it was held that Specific Relief Act is not an Exhaustive Law?
