Class/Course - CA - CPC

Subject - Fundamentals of Accounting

Chapter - Accounting as a Measurment Discipline


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Q.1 Change in Accounting estimate means:
  Difference arising between certain parameters estimated earlier and re-estimated during the current period.
  Difference arising between certain parameters estimated earlier and actual results achieved during current period.
  Difference arising between certain parameters during the current period and actual results achieved during the previous period.
  Both (a) and (b)