Question

    Which of the following is covered under Ind AS 18?

    A Contracts Correct Answer Incorrect Answer
    B Hire purchase Correct Answer Incorrect Answer
    C Insurance Correct Answer Incorrect Answer
    D Royalties Correct Answer Incorrect Answer
    E Leases Correct Answer Incorrect Answer

    Solution

    Ind AS 18 delas with revenue recognition. The revenue considered under Ind AS 18 is revenue from sale of goods, rendering of services and use of entity assets yielding interests, royalties or dividend. Snapshot from study notes of the ixamBee SEBI course covering topic in detail

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