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.
Tarun and Saurabh together can complete a task in 10 days. Tarun and Reena together can finish the same task in 14 days. Reena and Saurabh together can ...
If sin x + cos x = 7/5, find sin⁴ x + cos⁴ x:
A triangle has sides 7 cm, 24 cm, and 25 cm. A circle is inscribed in the triangle. What is the area of the triangle not covered by the circle?
How many words are formed from the letters of the word CHAMPION when vowels (A, I, O) always are together?
25% of X = 50% of Y. If 40% of Y =120, calculate 75% of X.
The angle between the planes x − y + z = 1 and 2x + y − 3z = 5 is:
What type of high-performance and costly computer can process data for hundreds or thousands of users at the same time?
What is the purpose of a "Page Table" in virtual memory systems?
I. x2 + 31x + 238 = 0
II. 2y2 + 70y + 612 = 0
The population of a town increased to 13,520 in 2022 at a rate of 4% per annum. Find the population of that town in 2020.
