Which accounting standard governs the recognition of revenue?
Practice Questions
1 question
Q1
Which accounting standard governs the recognition of revenue?
IAS 1
IFRS 15
IAS 2
IFRS 9
IFRS 15 provides a comprehensive framework for recognizing revenue from contracts with customers, outlining when and how revenue should be recognized.
Questions & Step-by-step Solutions
1 item
Q
Q: Which accounting standard governs the recognition of revenue?
Solution: IFRS 15 provides a comprehensive framework for recognizing revenue from contracts with customers, outlining when and how revenue should be recognized.
