Tag Archives: Gross revenue of XYZ Company is Rs. 10 Million for the year 2014

MGT401 GDB 1 Solution Feb 2015

Topic: IAS-18 (Revenues) IAS-18 deals with revenue, revenues recognition process and what to recognize and when to recognize? Different hypothetical situations that are near to real time circumstances of corporate world are given below. Read them carefully and highlight the amount of revenue(s) that should be recognized as per IAS-18 for each case separately: Delux company’s […]