Question
According to IND AS 115, when can revenue be
recognized?Solution
Under IND AS 115, revenue should be recognized when the performance obligation is satisfied. A performance obligation is defined as a promise to transfer a good or service to a customer. The satisfaction of a performance obligation occurs when control of the promised good or service is transferred to the customer. This means that the customer has the ability to use and benefit from the good or service and also bears the risks and rewards associated with ownership of the good or service.
specifically on account of the abuse, (A)/ not to re-run in the December election, (B)/ in the UK several women MPs decided (C)/ threats and a culture o...
Despite the consequences (A) of their actions being quite detrimental (B) to the overall morale of the team, the manager felt it was necessary to reitt...
Revenue expenditure (P)/refers to the excess of government’s(Q)/ Revenue Deficit(R)/over revenue receipts(S).
1. One day Guru Nanak went to a small village.
P. So he went to a small house and knocked at the door.
<...
Which is the THIRD sentence of the paragraph?
Select the option that arranges sentences A, B, C and D in a logical sequence.
A. This reputation overwhelms his record and when people think of ...
Each question is divided into four parts a,b,c,d. In some questions they are not in the sequence so according to grammar and context re- arrangement is...
In the question given below, a set of sentences is given, which when properly sequenced, form a coherent paragraph. Arrange the sentences in the correc...
In the questions given below, a sentence has been broken down into four fragments labelled (A), (B), (C) and (D) and arranged, not necessarily in the c...
Water and steam(P)/ It used(Q)/to mechanise production(R)/ power(S).
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