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The areas where in different accounting policies can be adopted are
  • a)
    Providing depreciation
  • b)
    Valuation of inventories
  • c)
    Valuation of investments
  • d)
    All of the above
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The areas where in different accounting policies can be adopted area)P...
Answer will be the option d as
a) different firms adopt different methods of providing depreciation. some adopt straight line method, some diminishing method etc etc
b) for valuation of inventories one firm's policy differ from another,, some adopt LiFo, some FIFO, some average method and so on
c) for valuation of investment different firm adopt different methods at different point of time
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The areas where in different accounting policies can be adopted area)Providing depreciationb)Valuation of inventoriesc)Valuation of investmentsd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
Question Description
The areas where in different accounting policies can be adopted area)Providing depreciationb)Valuation of inventoriesc)Valuation of investmentsd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The areas where in different accounting policies can be adopted area)Providing depreciationb)Valuation of inventoriesc)Valuation of investmentsd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The areas where in different accounting policies can be adopted area)Providing depreciationb)Valuation of inventoriesc)Valuation of investmentsd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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