Question $7$Consider the following scenario:Burwood Ltd has changed its basis of calculating doubtful debts from $3\mathrm{.}5\%$ of net credit sales to $5\mathrm{.}2\%$ of net credit sales.Required: Briefly explain whether the above scenario is a change in accounting policy as per AASB $108$ Accounting Policies, Changes in Accounting Estimates and Errors. You are also required to describe how the above scenario is to be accounted for.