TallyPrime Idea sharing

“If you torture the data long enough, it will confess.” Ronald H. Coase, Essays on Economics and Economists

As we step into this new year, I wish each one of you good health, prosperity, and happiness. May your dreams take flight and your efforts bear fruit in all your endeavors.

Let's embrace 2025 with open hearts and minds, working together towards the humanitarian development of our society. May our collective efforts foster kindness, compassion, and progress, creating a world where everyone thrives.

Here's to a year filled with learning, growth, and positive change! 🌟

May Allah help us throughout the year and years to come.

Question 1: Under IFRS 15, when should an entity recognize revenue from a contract with a customer?

A) When the contract is signed

B) When the goods or services are transferred to the customer

C) When payment is received

D) When the customer is invoiced

Question 2: IFRS 15 identifies five steps to recognize revenue. Which of the following is NOT one of those steps?

A) Identify the contract with a customer

B) Determine the transaction price

C) Recognize revenue when the entity deems appropriate

D) Allocate the transaction price to the performance obligations in the contract

Question 3: What does IFRS 15 require entities to do if a contract contains more than one performance obligation?

A) Ignore the additional performance obligations

B) Allocate the transaction price based on the fair value of each performance obligation

C) Combine the performance obligations into one

D) Allocate the transaction price based on the standalone selling prices of each performance obligation

Question 4: How should an entity account for variable consideration under IFRS 15?

A) Ignore it

B) Include an estimate in the transaction price

C) Recognize it only when it is certain

D) Include it in the transaction price only when received

জানুয়ারী মাসের বিদ্যুৎ বিল হাতে আসতে আসতে ফেব্রুয়ারীর ১০ তারিখ হয়ে যায়। পেমেন্ট হয় ১৫-২০ তারিখের মধ্যে।

আপনি কিভাবে খরচ চার্জ করবেন?
ক. Accrual basis এ হিসাব না করে Cash basis এ করবেন?
খ. বিল হাতে পাবার পর Accrual basis এ খরচ বুক করবেন?
গ. ৩১ জানুয়ারী তারিখে, পূর্ববর্তী ট্রেন্ড ও খরচের এস্টিমেট করে প্রোভিশন করেন, কমবেশি কিছু এমাউন্ট বিল হাতে পেলে পরে জার্নাল দিয়ে এডজাস্ট করবেন? ⚡⚡⚡

Eid Mubarak, to all! 🌙✨ As the joyous occasion of Eid approaches, may this special day bring you success in all aspect of life and blessings for a bright future. 📚🌟

May your hard work be rewarded like the sweet fruits of Ramadan and may your dreams blossom like the colorful flowers in spring. On this auspicious day, let the spirit of unity and celebration fill your hearts, just as the moon graces the night sky during Eid.

As you celebrate with family and friends, may your days be as joyous and successful as this festive season. May the divine blessings guide you towards excellence in your career and life, illuminating your path with knowledge and wisdom.

Wishing you a harmonious Eid filled with the melodies of success and the rhythms of joy. Eid Mubarak! 🌟🙌🎉.