My doubt is in Accounting Standard.
As per AS 10 change in dep method is considered as change in accounting estimate and effect should be given prospectively.
While in AS 25 while arriving correct interim period profit ,adjustment of increase in depreciation due to change in depreciation method considered as change in accounting policy and effect is given retrospectively
So in exam what should we do..?? solve the question by stand alone for both the AS..? Or as per AS 10 ? Or as per AS 25.
CAclubindia
