Change from FIFO to Lifo

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 February 2010 Dear Friends

change in methode of valuation of Invetory from FIFO to LIFO is change in accounting Policy or change in accounting estimation.
Kindly clarify

03 February 2010 change in accounting Policy

03 February 2010 change in accounting Policy


03 February 2010 change in accounting Policy

03 February 2010 yes its amounts to change in accounting Policy

03 February 2010 Change in Accounting Poilcy as per AS-1



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