In the following cases, different
accounting policies may be adopted by
different firms except :
(a) Treatment of Goodwill
(b) Valuation of inventories
fe) Recording in primary books
(d) Method of Depreciation
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Answer:
Three Areas in Which Different Accounting Policies are Adopted by Different Enterprises in India
Method of Depreciation. There are many methods of calculation of depreciation. ...
Valuation of inventories. Inventories should be valued on cost or net realizable value whichever is lower. ...
Conversion of Foreign currency items.
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a treatment of goodwill
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