alleryStart learning →What is the date of a transaction under Ind AS 21?
ADate the invoice is finally paid in full
BDate the goods are first ordered by buyer
CDate the audit work is completed fully
DDate it first qualifies for recognition
Answer & Solution
Correct answer: D. Date it first qualifies for recognition
The relevant date is when the transaction first meets the recognition criteria in the applicable Ind AS, which may differ from order or payment dates.
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