Does change in revenue recognition date from Bill of lading date to Bill of entry in respect of Import purchases amount to a change in accounting policy?
5 Replies
Kaushik Vankadkar
(Service)
(350 Points)
Replied 06 April 2010
This is a policy change if such changes is material.
Shweta Garg
(CA FINAL Executive(Payables))
(147 Points)
Replied 22 April 2010
Hello Rohit,
Can u please explain your point because change in revenue recognition will have a material affect on financial statements ?
shakuntala chhangani
(FCA Course co-ordinator WIRC coaching centre)
(2525 Points)
Replied 26 April 2010
It is a change in A/c policy
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