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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.
Which country became the first central European country to legalize same-sex marriage?
The Shilp Didi Programme targets how many female artisans across India?
What is SARAS Aajeevika, as initiated by the Ministry of Rural Development?
Which organization attained Navratna status on 30th August 2024?
Which of the statements is/are correct?
1. SEVENTEEN is UNESCO’s first-ever Goodwill Ambassador for Youth.
Olympian Ravi Dahiya becomes ____ to win silver medal in wrestling?