Question
A general insurer bundles motor policies with a roadside assistance service delivered by a third party. Premium is collected upfront for 12 months; assistance is stand-ready and can be used any time. Insurer pays the third party per call. Under Ind AS 115, how is revenue timing determined?
More Accounts Questions
- A business has monthly cash inflows of ₹10 lakh and monthly outflows of ₹12 lakh. What is the working capital requirement as per the Cash Budget Method?
- In relation to the Accounts of Electricity Companies, which of the following points are involved in the Optimised Depreciated Replacement Cost [ODRC] Metho...
- An interface that is also called Logic Tier in a three-tier architecture is known as _________.
- Under the co-lending model of 2020, what minimum share of loans must banks undertake in partnership with NBFCs?
- The Bank overdraft repayable on demand will be reported in the cash flow statement as _____
- Annual Return is to be filed by every company within ________ days of its Annual general meeting.
- An asset is purchased for ₹10,00,000. Salvage value is ₹1,00,000. Useful life is 5 years. Using WDV @ 10%, what is the depreciation in year 3?
- An investment project costs ₹1,00,000 and is expected to generate cash inflows of ₹30,000 per year for 5 years. If the cost of capital is 10%, determine wh...
- When a simplified customer due diligence (CDD) is carried out for opening accounts of foreign students, what is the maximum cap on foreign remittances perm...
- Which of the following best fits the description of a business-level strategy?
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