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Hi sir,
Could u plz provide simple explanation for those 2
So i can differentiate between them
Thanks v much
Accounting polices:
Cost vs revaluation (or fair value) models for non-current assets
FIFO vs WAV cost formulae for inventoryAccounting estimates (i.e. estimates in the absence of precise measurement) – depreciation, allowances against inventory/trade receivable balances, many provisions (e.g. a warranty provision)
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