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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.
Statement: As per data provided by the education department, as many as 8,604 posts of Hindi teachers in primary schools and 1,500 in high schoo...
Statement : According to the latest issue of the medical journal Lancet, Multidrug Resistant-Tuberculosis (MDR-TB), a version of the disease where pat...
Statement: A 16-year-old boy drowned in a lake when he went for a swim along with his friends.
Courses of actions:
I. Coaching for ...
Statement : There are multiple cases where businesses have saved millions of rupees by making smaller changes in their processes. And energy-efficien...
Statement: While the workers laying cables underground in ABC locality, a main pipe supplying water to the houses burst and the locality was flooded....
Statement: Malnutrition isn’t just about acute starvation and often, healthy-looking people are malnourished too, because their diet does not inclu...
The increasing amount of NPA in public sector banks is causing trouble for RBI and India’s GDP as well.
Which of the following course of action...
Statement: Malnutrition isn’t just about acute starvation and often, healthy-looking people are malnourished too, because their diet does not in...
Statement: Militants are now attacking the police in several states of India in a bid to demoralize them and to choke the intelligence network.
Statement : Many students in rural areas fail to complete their primary education due to a lack of basic facilities in schools.
Courses of ...
