Ind AS 11 requires contract revenue to be measured at ............

CS Executive · Corporate and Management Accounting · PYQS · December 2020
Ind AS 11 requires contract revenue to be measured at ............
(A) Net realisable value
(B) Fair value of consideration received/ receivable
(C) Consideration received/receivable
(D) None of the above

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Accounting

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic