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change in accounting policy
Accountancy
change in accounting policy or introduction of new policy 1)creating a provision for doubtful debt which was not a practice in past 2)management decided to pay pension by a scheme which was not a practice in past
Answers (6)
The following are not changes in accounting policies : (a) the adoption of an accounting policy for events or transactions that differ in substance from previously occurring events or transactions, e.g., introduction of a formal retirement gratuity scheme by an employer in place of ad hoc ex-gratia payments to employees on retirement; and (b) the adoption of a new accounting policy for events or transactions which did not occur previously or that were immaterial.
Sowmiya A
so both are not changes in accounting policies
but according to the indigo learn notes the first one is a change in accounting policy and according to lectures second one is a introduction to new policy
