Corporate DisclosureSONALIANSH

SONALIANSH Corporate Disclosure — 29 November 2020

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Last verified by BullBD

Announcement summary

What happened
SONALIANSH published a corporate disclosure on 29 November 2020. Read the full announcement for details.
Company
Sonali Aansh Industries Limited
Announcement published

Original announcement

(Continuation news of SONALIANSH): The Company has rental agreements which fall under the new IFRS. Also, the Company has not disclosed the reason for departure of IFRS. viii) Refer to the accounting policy as mentioned in Note # 2.19, revenue is to be recognized when goods are delivered and risk of ownership are transferred to the customer. However, in practice, the accumulated sales revenue is recognized at each month end for all the invoices raised(cont.11)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616ace8c5a6b000040055083
Original publication
Last verified by BullBD
Translation
BullBD
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