Tag Archives | AS-5

AS-5 on Changes in Accounting Estimates and Accounting Policies

In this article we will discuss about Accounting Standard (AS) 5 with regard to changes in accounting estimates and accounting policies. AS-5 on Changes in Accounting Estimates: 1. As a result of the uncertainties inherent in business activities many financial statement items cannot be measured with precision but can only be estimated. The estimation process […]

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