As per IFRS15, an agreement between two or more parties that creates enforceable right and obligation is called….

Related MCQs

• Two entities are not necessarily related parties if:
• A…………. is an operating segment or results from the aggregation of two or more operating segments that meets quantitative thresholds.
• Omission or misstatement in entity’s financial statement for one or more prior period is called
• Theoretical ex-right price is calculated when there is :
• As per Ind AS 23, assets that require substantial time to bring to their intended use or to salable condition are known as
• Activities that result in changes in the size and composition of equity capital and borrowing of an entity are called
• When a lease transfers substantially all the risks and rewards of ownership to lessee, this is called…..
• Specific principles, bases, conventions, rules and practices applied in presenting financial statements, are called,
• Applying a new policy to transaction as if that policy had always been applied. This is called,
• Principal revenue producing activity of an entity is called…