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.
Which program won the Gulbenkian Prize for Humanity 2024?
In which of the following year, India received highest ever foreign inward remittances?
Who was Buddhadeb Bhattacharya, and what was his significance in the political history of West Bengal?
World Lung Cancer Day is commemorated globally on which date annually?
The National Financial Reporting Authority (NFRA) board meeting in November 2024 will focus on adopting revised auditing standards primarily for:
International Conference on Emerging Trends in Biosciences and Chemical Technology- 2022 was held in which of the following city from 3rd - 5th December...
Which of the following statements accurately describes India's role and recent developments related to the Asian Disaster Preparedness Centre (ADPC)?
The government may consider a _____ uniform digital payment facilitation fee to fund the infrastructure required for such transactions and also to ensur...
According to the data provided by the government, India's economy grew at ______ year-on-year (YoY) in the January to March quarter (Q4) of the financia...
Which new deep-water dogfish shark species was discovered by scientists from the Zoological Survey of India in Kerala?