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IND AS 115: Revenue from Contracts with Customers is an Indian Accounting Standard that provides guidance on how to recognize revenue from contracts with customers. It is based on the core principle that revenue should be recognized when it is probable that future economic benefits will flow to the entity and these benefits can be measured reliably. In Accounting Standards: AS 9 ‘Revenue Recognition’ provides guidance on when and how to recognize revenue from a variety of transactions. Rest of the IND AS mentioned in question deals with the following: IND AS 109 Financial Instruments IND AS 101 First time adoption of Indian Accounting standards IND AS 102 Share-based Payment IND AS 16 Property, Plant & Equipment
The per unit expenses of the ____(1) ___ portion of factory overhead varies with the volume of production while ___ (2)___ portion remains the same with...
Who has propounded the Theory Z?
What is the significance of GeM Analytics in the Government e-Marketplace?
With respect to AS 11 (The effects of changes in foreign exchange rates), which of the following statement is incorrect?
In the context of GeM, what is the full form of ‘PAC’?
Internal auditor is removed and appointed by which among the following?
Current years’ proposed dividend will be:
The section of the companies Act, 2013 which contains provisions regarding remuneration of the auditor is:
___________ may fix remuneration of the first auditor appointed by the Board as per section 142 of the Companies Act
Which section deals with TDS on cash withdrawals?