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?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.
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Which traversal method visits the root node first in trees?
Which algorithm is used for computing Max-Flow in a network?
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Which of the following is a primary feature of Mobile Computing?
Time complexity of heap sort is:
Which of the following traversal methods is used to visit nodes in the order "left child, root, right child" in a binary tree?
Which of the following best describes the function of the Control Unit (CU) in the CPU?
Which of the following statements about parameter passing in Python is TRUE?
Priority Queue allows access to elements based on priority rather than order.
