Accounting policies emanate from inside the firm. Which of the following is not an accounting policy?

Select one:

a. Plant and machinery to be accounted for on the cost model.

b. The allowance for doubtful debts accounted as the 1% of credit sales.

c. Land and buildings to be accounted for at Fair Value.

d. An Allowance for Doubtful Debts to be set up and up-dated rather than using the direct write-off method for bad debts.