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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.
In the following sentences four words are given in bold. They may or may not be in the correct position in the sentence. You have to find out which tw...
Directions : In the question given below, a sentence is given with three words in bold. Three answer choices are given giving replacements to the words...
The NIRF set up (A) a methodology to rank HEIs across (B) the country, which is based on a set of metrics for the ranking of HEIs as agreed (C) up...
In the question given below, four words are given in bold. These four words may or may not be in their correct position. The sentence is then followed...
The Games were managed (A) under pull off (B) scrutiny and amid constant pressure from locals, but the organisers held (C) to intense (D) a clea...
In addition, the Capitals will pick up roughly a third of Jagr's contract in its four remaining years.
Directions: In each of the questions given below, four words are given in bold. These four words may or may not be in their correct position. The sente...
Going forward, SAARC could adopt(A) the "ASEAN minus X" formula - members who are unwilling to join the date (B) can be allowed to ...
In each of the following question, a sentence is given with three words marked as (A), (B) and (C). These words may or may not be placed at their corre...
Hence, meeting daily necessity (A) of nutrients should be added (B) at as a growing requirements (C) , not just an looked (D) advantage, the surv...
