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.
Statements: B ≤ C < E; B ≥ G < H; G > I ≥ L
Conclusions:
I. G ≤ C
II. H ≥ L
III. G > E
Statement: E < F ≤ G = H, I ≥ G ≤ J ≤ K
Conclusion: I. K > E II. H > K
Statement: C < P > T = E < R; G > R > A < D
Conclusions:
I. T < G
II. G ≥ P
III. T > A
Statements: D = E ≥ F; G > H > D; D > J = I = K
Conclusions:
I. K > D
II. F < G
III. K < H
Statements: P % Q, P $ R, Q # S, R @ T
Conclusions:
I. R $ Q
II. S & T �...
Which of the following expressions will be true if the given expression ′S > T ≥ U < V < W′ is definitely true?
Statements: O @ G % N & A @ I % P; V $ U & Q # A
Conclusions:
I. N @ U
II. G % V
III. V # I
Statement: J > K ≥ C = D ≤ Y < Z
Conclusions:
I. Z > C
II. J ≥ Y
III. J > D
IV. C > Z
...In the question, assuming the given statements to be true, Find which of the conclusion (s) among given three conclusions is /are definitely true and t...
Which one the following symbols should replace the question mark in the given expression, in order to make the expressions L ≤ I as well as N > K ...
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