According to IND AS 115, when can revenue be recognized?
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.
The IIT council has already given in principal approval to the Kakodkar Committee’s recommendations to be implemented from 2013.
...select the most appropriate word to fill in the blank.
All his endeavours to win his match proved ……and did not bring the desired results . ...
Arrange the sentences in the correct order to form a meaningful and coherent paragraph.
A- The make in India programme aims at promoting Indi...
select the most appropriate option to fill in the blank .
Has he ……for a job in this college .
Some among those who probed the case …….. that moving the league to a new country could ……. exposing...
Read each sentence to find out whether there is any error in it. The error, if any, will be in one part of the sentence. Mark the part with the error as...
select the segment which contains error
only I read English because I like it
Though the International Cricket Council’s anti-corruption unit ……. become more vigilant over the years, it cannot s...
Select the most appropriate option to substitute the bold part in the given sentence.
mangoes of Prayagraj are better than lucknow .
...select the correct segment which contains grammatical error .
You , She and I are going to read their books