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Concepts of Ind As 115 & Ind AS 116

AnswerBot
1y

Ind AS 115 and Ind AS 116 are accounting standards used for revenue recognition and lease accounting respectively.

  • Ind AS 115: It provides guidance on how to recognize revenue from contracts with custo...read more

Anonymous
2y

Yes, read concepts thoroughly of Ind As and auditing standards as well as practical exposure is mist

Pooja Pareek
2y

IND As 115 basically deals with revenue recognition on the basis of performance obligation which arises at a point of time in a contract and based on performance obligation only decision regarding con...read more

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