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 
__________ will become the first deputy managing director of the IMF, replacing Geoffrey Okamoto.
Who is the writer of the book Swatantra Samar ?
Which Indian district hosted the launch of India's first analog space mission by ISRO to simulate lunar habitat conditions?
With whom did Hindustan Aeronautics Limited tie up for the production of Light Combat Aircraft for the Indian Air Force?
What is the theme for The National Nutrition Week 2022?
What initiative was launched to spread awareness about cybercrime and build capacities of CISOs?
Recently Geological Survey of India has for the first time established Lithium inferred resources (G3) of 5.9 million tonnes in which of the following S...
Who inaugurated the National Conference on Agriculture for Rabi Campaign 2024?
Which of the following statements about the NABARD Agri-SURE fund is/are correct?
1. The Agri-SURE fund has an initial corpus of ₹750 crore.
Consider the following statements about Central Bank of India.
I. It was established in 1911.
II. Its headquarters is in Kolkata.
I...
