Change from FIFO to Lifo
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2010
Dear Friends
change in methode of valuation of Invetory from FIFO to LIFO is change in accounting Policy or change in accounting estimation.
Kindly clarify
change in methode of valuation of Invetory from FIFO to LIFO is change in accounting Policy or change in accounting estimation.
Kindly clarify
03 February 2010
change in accounting Policy
03 February 2010
change in accounting Policy
03 February 2010
change in accounting Policy
CA Ravi Sisodia
(Expert)
03 February 2010
yes its amounts to change in accounting Policy
CMA Ramesh Krishnan
(Expert)
03 February 2010
Change in Accounting Poilcy as per AS-1
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