Corporate DisclosureSONALIANSH
SONALIANSH Corporate Disclosure — 23 November 2021
Announcement summary
- What happened
- SONALIANSH published a corporate disclosure on 23 November 2021. Read the full announcement for details.
- Company
- Sonali Aansh Industries Limited
- Announcement published
Original announcement
(Continuation news of SONALIANSH): departure of IFRS. ix) Refer to the accounting policy as mentioned in Note # 2.19, revenue is to be recognized when goods are delivered and risk of ownership is transferred to the customer. However, in practice, the accumulated sales revenue is recognized at each month end for all the invoices raised within the particular month. The mentioned practice is inconsistent with the policy adopted by the Company and also inconsistent with (cont.12)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 619cb49903147376ea34b8c3
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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