Schedule ii
This query is : Resolved
Amit Jindal
(Querist)
30 May 2015
I want to know whether there would be a change in accounting policies in complying with Schedule II and whether it will be disclosed as per AS 1 & AS 5.
30 May 2015
yes it will be change in accounting policy as per definition given under AS 5 if earlier wdv used but now under co act 2015 wdv as on 1.4.2014 is divided by life of assets as per sch 2 under co act 2013
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