Question
According to IND AS 115, when can revenue be
recognized?ÂSolution
When the performance obligation is satisfied. 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.
What is the average number of male students who took admission in Electrical, Civil and Mechanical together?
The number of vehicles sold by Company P in the year 2016 is approximately what per cent of total number of vehicles sold by all the companies together ...
Find the ratio of Umbrella sold in cities E and F together to Raincoat sold in cities C and D together.
If total female employee promoted from UCO are 66(2/3)% more than total male employee promoted from same bank, then find total employee promoted from B...
The graph and the table below show the units sold by two salesmen, Mr. P and Mr. Q, in 4 months from January to April. Study the graph and the table and...
The numbers of cars available for sell on May is approximately what percent of the number of cars sold on July?
How many students will pass in Computer science if passing marks is more than 46%?
Find the total number of non-leather bags sold by shop B and E together.
What is the difference between the number of male students who took admission in Biomedical and the number of female students who took admission in Mec...
Find the approximate value of Question mark(?). No need to find the exact value.
11.92 × (63.94 ÷ 8.11) + 15% of 799.77 – √(35.86) = ?
...
