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IFRS 15 indicators of control

Hhuma3y ago
Sir as per IFRS 15, whether all of the following conditions need to be satisfied or any of the following conditions need to be satisfied which reflects that control has been transferred Customer has legal title Customer has physical possession Customer has risk and rewards of ownership Customer has accepted the asset Entity has right to payment
stephenwidbergstephenwidbergTutor3y ago#1
It's a question of judgement. If most of the indicators are present it is likely to be indicative of transfer of control.
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