ACCOUNTING POLICIES

9 Months Ended

Apr. 30, 2022

Accounting Policies [Abstract]

ACCOUNTING POLICIES

Note 4 ACCOUNTING POLICIES

The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America and included the accounts of its wholly owned subsidiary, Duo Sciences Inc.

Use of estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Change in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available to management. Actual results could differ from those estimates.   

Change in significant accounting policies

There has been no change in accounting policies from disclosed in the noted to the audited financial statements for the year ended July 31, 2021. 

Recent accounting pronouncements

The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position, or cash flow.