AS 5

Accountancy

Explain the red box Why it was considered as not a change in accounting policy ? Please say the reason behind this ?

Balaji R

CA Final

★ 20K+

16-Aug-22 18:05

476

Answers (1)

Introduction of new accounting policy is not considered as change in accounting policy. Here , ad hoc means no policy simply just like that they were making payment . So it's not regarded as change in accounting policy..

Kiran Vijay

CA Final

★ 4K+

16-Aug-22 18:18

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AS 5

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