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05 March 2019 When there is a change in presentation/classification of items of financial statements, comparative information are also reclassified and the nature, amount and reason for reclassification.

Sir I have doubt in above statement.

For example in 2016-17 financial statement receivable classified as non current and in 2017-2018 classified as current.. but as per above provision in comparative financial statements (2016-17){whether can I change non current to current or still it is shown as non current?}
Because, as per above provision if there is any change in presentation/ reclassification comparitive information also need to be changed.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 March 2019 Comparative information also to be changed. In the notes on accounts, mention that previous year figures are reclassified to suit with current year layout.
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jaya krishna

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jaya krishna (Querist)
06 March 2019 Thank you sir for your reply
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