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saadathar14.
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saadathar14
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Hi sir,
“Accounting policies must be consistently applied for similar transactions, categories, other events and conditions. The exception being if a standard requires or permits categorization of items for which different policies may be appropriate.”My question is, what does categorization of items mean?
P2-D2
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Hi,
Think PPE and the different categories such as land and buildings, plant and equipment etc.
Thanks
saadathar14
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Thank you sir!
saadathar14
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