Explain performance obligation as per IND AS 15
AnswerBot
1y
Performance obligation is a promise to transfer goods or services to a customer.
Performance obligation is a key concept in revenue recognition under IND AS 15.
It refers to a promise to transfer goods ...read more
Bharti Agale
8mo
student at
Pune University
They are performance obligation refers to a commitment to deliver a distinct good or service (or a bundle of goods or services) to a customer (IFRS 15.22). At the inception of a contract, entities mus...read more
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