CA Final presentationdisclosure — practice questions
15 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Final presentationdisclosure in the app →Under Ind AS 115, an entity presents a CONTRACT LIABILITY in the balance sheet when:Under Ind AS 115, a CONTRACT ASSET differs from a RECEIVABLE in that:Under Ind AS 115, costs to OBTAIN a contract are CAPITALISED only when:Under Ind AS 115, a salesperson's commission of 1% paid only on successful contract signing should be:An entity capitalises ₹4 lakh for designing and migrating a data centre on a 5-year outsourcing contract that Under Ind AS 115, an impairment loss on a contract acquisition asset is recognised when:Under Ind AS 115, costs to FULFIL a contract that are NOT within the scope of another standard (e.g., Ind AS 2Under Appendix D of Ind AS 115 (Service Concession Arrangements), an operator that constructs/upgrades public Under Appendix D of Ind AS 115, an operator that gets the RIGHT TO CHARGE USERS of the public service (no guarA Toll-Roads operator builds an expressway under a build-operate-transfer concession with the Government of MaUnder Appendix D of Ind AS 115, BORROWING COSTS attributable to a service-concession arrangement are:Under Ind AS 115, an entity that has both an unconditional right to consideration (receivable) AND an outstandUnder Ind AS 115's disclosures, the TRANSACTION PRICE ALLOCATED TO REMAINING PERFORMANCE OBLIGATIONS must be dA software company signs a 3-year contract for ₹1 cr; a 1% commission (₹1 lakh) is paid only on successful sigUnder Appendix D of Ind AS 115, when an operator must MAINTAIN OR RESTORE infrastructure as a condition of its