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When the performance obligation is satisfied. 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.
With which of the following musical instruments is Ustad Ali Khan related to?
According to a white paper by the Forum for Progressive Gig Workers, the gig economy market is expected to grow at a compounded annual growth rate (CAGR...
The synthesis of which chemical is inhibited due to aspirin?
The Shanti Swaroop Bhatnagar Award is given in India for contribution to the field of:
Who is the Chairman of Life Insurance Corporation ?
What is the primary purpose of an IP address in a network?
President Of Russia
Which farming practice focuses on boosting food production while minimizing environmental impact?
Investor of Mutual Funds can appoint following as nominees?
Which physical instrument is used to measure the intensity of earthquakes?