NOTE 1 - NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (N) VOLUNTARY CHANGE IN ACCOUNTING PRINCIPLE (Policies)

12 Months Ended

Mar. 31, 2020

Policies

(N) VOLUNTARY CHANGE IN ACCOUNTING PRINCIPLE

(N) VOLUNTARY CHANGE IN ACCOUNTING PRINCIPLE

During the fourth quarter of fiscal 2020, the Company made a voluntary change in accounting principle by preparing the company’s financial statements using the specialized accounting principles of Accounting Standards Codification Topic 946, Financial Services—Investment Companies (ASC Topic 946).

The Company made this voluntary change in principle because it believes that the Company now met the characteristics and requirement of being an investment company under ASC 946, and the presentation under ASC 946 better reflects the business purpose and enhances the comparability of its financial statements with many of its industry peers. In accordance with U.S. GAAP, the change has been reflected in the financial statements through retrospective application as follows:

		March 31, 2020						March 31, 2019
		Prior to		Effect of				Prior to		Effect of
		Change		Change		Adjusted		Change		Change		Adjusted
Cash	$	33,756	$	-	$	33,756	$	93,634	$	-	$	93,364
Receivable		500		-		500		1,000		-		1,000
Investment		-		2,665,499		2,665,499		-		1,498,048		1,498,048
Current assets		34,256		2,665,499		-		94,634		1,498,048		-
Investment		2,665,499		(2,665,499)		-		1,498,048		(1,498,048)		-
Total assets	$	2,699,755	$	-	$	2,699,755	$	1,592,682	$	-	$	1,592,682