Question
Revenue from Contracts with Customers is detailed by the Ind AS 115 that talks about revenue recognition from a contract with a customer for transfer of goods and services. As per this AS when can revenue be recognized?
More Basic Accounting Concepts Questions
- The following data relates to a semi-variable factory overhead: Using the High–Low Method, the fixed cost is:
- The application of audit procedures to less than 100% of items within a population of audit relevance is:
- An MSME unit has projected turnover of ₹500 crore. As per the 20% working capital norm, total WC requirement is assessed at 20% of turnover. The bank finan...
- Which of the following is the major objective of Rashtriya Gram Swaraj Abhiyan?
- The Black-Scholes model is used for the pricing of:
- What would be the real rate of interest If the money discount rate is 19% and Inflation is 12%
- A unit has Total Current Assets ₹200 crore and Current Liabilities (other than bank) ₹60 crore. As per MPBF–I, minimum margin is 25% of TCA. What is the Ma...
- What is a Private Placement?
- The Indian Accounting Standard (Ind AS) 1 deals with the requirements for presenting general purpose financial statements consisting of the Balance Sh...
- Which of the following document provides details of tax and non-tax revenue receipts and capital receipts and explains the estimates?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)