Accountancy, asked by jake1765, 12 hours ago

Following factors should be considered in selection of accounting policies

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Answered by bipin0336

0

Selection of Accounting policies

Precise and Accurate Presentation. Accounting policies should clearly convey the account's information. ...

Conservatism. In choosing among generally accepted principles, a firm's priority goes to policies that have conservative measures of net income. ...

Profit Maximization. ...

Income Smoothing.

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Answered by hariuthiras

1

Answer:

Selection of Accounting policies

Precise and Accurate Presentation
Conservatism
Profit Maximization
Income Smoothing

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