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.
Select the most appropriate indirect/direct form of the given sentence.
Laila said to Majnu, “do not try to play with me .”
Choose the option that is the direct form of the sentence.
The policeman enquired where his helmet was.
“Don’t overspeed at night,” I said to Irina.
Change the following sentence to Direct Speech.
The coach proposed that they should wait for the announcement of the results.
"By God! I have not cheated," said the boy.
Choose the option that is the indirect form of the sentence.
Vandana said, “I’m being dropped to office today’’.
Select the option that expresses the given sentence in indirect speech.
“How beautiful she is!” said Betty.
Select the option that expresses the given sentence in direct speech.
I will tell him that I don't want to join the art classes.
My boss said, “Do you think you can complete the report within five days?”
My son said to me, "I will not disappoint you."
