14 August 2016
For example, if a company changes it's method of determination of cost formula for valuation of inventory from fifo basis to weighted average cost basis. Is it change is accounting policy or method of accounting employed?
15 August 2016
it is change in accounting policy Method of accounting are CASH system, ACCRUAL system, HYBRID system... (Income tax has derecognised HYBRID system)
CAclubindia
