New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    Which of the following is an example of a change in

    accounting policy that must be disclosed under AS 1?
    A An increase in the provision for doubtful debts based on new business risks Correct Answer Incorrect Answer
    B A change in the estimated useful life of assets Correct Answer Incorrect Answer
    C A shift from Straight-Line Depreciation to Written Down Value Method Correct Answer Incorrect Answer
    D A revaluation of assets due to market fluctuations Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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