Does change in revenue recognition date from Bill of lading date to Bill of entry in respect of Import purchases amount to a change in accounting policy?
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Change in accounting policy
Replies (5)
This is a policy change if such changes is material.
no..this will not amount to change in policy..
Hello Rohit,
Can u please explain your point because change in revenue recognition will have a material affect on financial statements ?
It is a change in A/c policy
Surely CHANGE in accounting policy
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