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accounting policy
In a co., earlier accounting for export was done on the basis of shipping bill but now it is being done on the basis of bill of entry. Will this be called a change in accounting policy and thereby need to be disclosed in financial statements(notes to accounts)?
Replies (1)
YA I THINK IT WILL BE CALLED CHANGED IN ACCOUNTING POLICY AS PER AS-9 WE HAVER TO FOLLOW THE POLICY FOR REVENUE RECOGNISE
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