alleryStart learning →A change in policy is also allowed if it gives
AA higher tax saving
BA bigger dividend payout
CMore appropriate display
DLower auditing costs
Answer & Solution
Correct answer: C. More appropriate display
AS 5 permits a change that results in a more appropriate presentation of the financial statements.
Keep practising AS 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
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