alleryStart learning →If a material estimate change cannot be quantified, the enterprise should
ADisclose that fact
BIgnore the change
CEstimate it anyway
DDefer it to next year
Answer & Solution
Correct answer: A. Disclose that fact
Where quantifying is impracticable, the impracticability itself must be disclosed.
Keep practising AS 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
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