Accounting policies

Accountancy

Are we supposed to use the methods we follow in every year's notes to accounts or just for the first year? Video Details ------------- Accounting - CA Foundation (New) Accounting Policies #2. Accounting Policies - Concept

Devika Venu

CA Foundation

★ 5

04-May-26 22:37

Answers (1)

We follow accounting policies to prepare final accounts - for e.g. SLM or WDV method of depreciation. These policies are disclosed in notes to acounts. The company follows accounting policies to prepare final accounts each year.

CA Suraj Lakhotia

Admin

05-May-26 10:34