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    Question

    Which accounting standard (Ind AS/AS) deals primarily

    with revenue recognition from sale of goods?
    A Ind AS 16 Correct Answer Incorrect Answer
    B Ind AS 115 Correct Answer Incorrect Answer
    C Ind AS 12 Correct Answer Incorrect Answer
    D Ind AS 19 Correct Answer Incorrect Answer
    E Ind AS 2 Correct Answer Incorrect Answer

    Solution

    Ind AS 115 (Revenue from Contracts with Customers) provides principles for revenue recognition.

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