Change in dep as per schedule ii needs to be reported?
This query is : Resolved
29 July 2015
do we need to mention in our audit report regarding dep charged as per co. act 2013 since change in useful lyf resulted in additional dep charged in 2014-15.(we are still following wdv method as earlier)
29 July 2015
No need to mention in audit report, but to mention in 'notes on account' since it is a change in accounting policy.
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