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    Question

    Which of these is not an example of revenue recognition

    over time per Ind AS 115?
    A Customer simultaneously receives and consumes benefits as seller performs --- over time Correct Answer Incorrect Answer
    B Contract creates asset with alternative use to seller and seller has enforceable right to payment for performance --- over time if right exists Correct Answer Incorrect Answer
    C Transfer of control at a point in time (single delivery) --- point in time recognition Correct Answer Incorrect Answer
    D Continuous transfer of control as goods created --- over time Correct Answer Incorrect Answer

    Solution

    Revenue is recognized over time only if one of the specific criteria in Ind AS 115 is met. If control of a good or service transfers at a specific point in time (like a single delivery), revenue is recognized at that point, not over time.

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