Question
A company sells air-conditioners with a 2-year free
maintenance service included in the contract. The customer pays the full consideration upfront at delivery. As per Ind AS 115, revenue should not be recognised fully on the date of sale. Instead, it must be allocated between the product and service obligations. Which of the following is the most appropriate treatment?Solution
Ind AS 115 requires separation of performance obligations. The product revenue is recognised when delivered, while maintenance revenue is recognised over the service period.
Find the wrong number in the following number series:
1250, 500, 200, 80, 30
Select the option that is related to the third letter-cluster in the same way as the second letter-cluster is related to the first letter-cluster.
<...A paper is folded and cut as shown below. How will it appear when unfolded ?
Select the set in which the numbers are related in the same way as are the numbers of the given sets.
(NOTE: Operations should be performed on th...
Pointing at a girl, Seema said, “She is my father’s mother’s husband’s only son’s daughter.” How is that girl related to Seema?
...Vacant : Empty : : Enormous : ?
Change the question mark with the option that follows the applied logic in the first pair.
Man: Woman :: Boys: ??
A series is given with one term missing. Select the correct alternative from the given ones that will complete the series.
RT, WE, BP, GA, ?
What should come in place of question mark (?) in the given series based on the English alphabetical order?
AYF, FUI, KQL, PMO, ?
Select the combination of letters that, when sequentially places in the gaps of the given letter series will complete the series.
E_ I _ _ EL _ _...
