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Could you please mention the areas where differen…

Could you please mention the areas where different accounting policies are followed by companies.

Could you please mention the areas where different accounting policies are followed by companies.

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Jeeba Mar. 15, 2018

Areas where an organisation can follow the different accounting policies are as follows:

(a) Methods of depreciation, depletion and amortisation.

(b) Valuation of inventories.

(c) Methods of valuing goodwill.

(d) Valuation of investmet

(E) Show the value of Forex gain or loss