The objective of _________ is to establish the principles that an entity shall apply to report useful information to users of financial statements about the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with a customer.

Question

Quizplus · Accepted Answer

Ind AS 115, Revenue from Contracts with Customers, is specifically designed to establish the principles for reporting information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from a contract with a customer.

The Objective of _________ Is to Establish the Principles That