If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.
A)lifo method
B)fifo method
C)weighted method
D)uniform

Question

Quizplus · Accepted Answer

When two companies have different accounting policies for the same item and need to make changes, they adopt uniform accounting policies to ensure consistency and comparability in their financial statements.

If the Two Companies Have Different Accounting Policies in Respect