<?xml version="1.0" encoding="us-ascii"?><InstanceReport xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><Version>2.4.0.8</Version><ReportLongName>014 - Disclosure - Accounting Policies, by Policy (Policies)</ReportLongName><DisplayLabelColumn>true</DisplayLabelColumn><ShowElementNames>false</ShowElementNames><RoundingOption /><HasEmbeddedReports>false</HasEmbeddedReports><Columns><Column FlagID="0"><Id>1</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><CurrencyCode /><FootnoteIndexer /><hasSegments>false</hasSegments><hasScenarios>false</hasScenarios><MCU><KeyName /><CurrencySymbol /><contextRef><ContextID>c2_From1Jan2013To30Jun2013</ContextID><EntitySchema>http://www.sec.gov/CIK</EntitySchema><EntityValue>0000874792</EntityValue><PeriodDisplayName /><PeriodType>duration</PeriodType><PeriodStartDate>2013-01-01T00:00:00</PeriodStartDate><PeriodEndDate>2013-06-30T00:00:00</PeriodEndDate><Segments /><Scenarios /></contextRef><UPS /><CurrencyCode /><OriginalCurrencyCode /></MCU><CurrencySymbol /><Labels><Label Key="CalendarSupplement" Id="0" Label="6 Months Ended" /><Label Key="Calendar" Id="1" Label="Jun. 30, 2013" /></Labels></Column></Columns><Rows><Row FlagID="0"><Id>1</Id><IsAbstractGroupTitle>true</IsAbstractGroupTitle><LabelSeparator>

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      Presentation&lt;/font&gt; &amp;#8211; The accompanying unaudited

      consolidated financial statements have been prepared in

      accordance with U.S. generally accepted accounting principles

      (&amp;#8220;GAAP&amp;#8221;) for interim financial information and

      with the instructions to Form 10-Q. Accordingly, they do not

      include all of the information and footnotes required by GAAP

      for complete financial statements. In the opinion of

      management, all adjustments (consisting of normal recurring

      adjustments) considered necessary for a fair presentation

      have been included.&lt;/font&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).</ElementDefenition><ElementReferences>No definition available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Basis of Accounting, Policy [Policy Text Block]</Label></Row><Row FlagID="0"><Id>3</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

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      concern&lt;/font&gt; - The Company&amp;#8217;s consolidated financial

      statements have been presented on the basis that it is a

      going concern, which contemplates the realization of assets

      and satisfaction of liabilities in the normal course of

      business. As shown in the financial statements, the Company

      incurred a net loss of $421,156 during the six months ended

      June 30, 2013, while the Company&amp;#8217;s current liabilities

      exceeded its current assets by $244,066.&lt;/font&gt;

    &lt;/div&gt;&lt;br/&gt;&lt;div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;

      &lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In

      view of the matters described in the preceding paragraph,

      recoverability of a major portion of the recorded asset

      amounts shown in the accompanying balance sheet is dependent

      upon continued operations of the Company, which in turn is

      dependent upon the Company&amp;#8217;s ability to meet its

      financing requirements on a continuing basis by raising

      additional funds through debt or equity financing. The

      Company expects to satisfy its cash requirements by obtaining

      additional loans; however, there is no assurance that

      additional capital will be available to the Company when

      needed and on acceptable terms. The financial statements do

      not include any adjustments relating to the recoverability

      and classification of recorded asset amounts or amounts and

      classification of liabilities that might be necessary should

      the Company be unable to continue in existence.&lt;/font&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for reporting when there is a substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time (generally a year from the balance sheet date). Disclose: (a) pertinent conditions and events giving rise to the assessment of substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time, (b) the possible effects of such conditions and events, (c) management's evaluation of the significance of those conditions and events and any mitigating factors, (d) possible discontinuance of operations, (e) management's plans (including relevant prospective financial information), and (f) information about the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities. If management's plans alleviate the substantial doubt about the entity's ability to continue as a going concern, disclosure of the principal conditions and events that initially raised the substantial doubt about the entity's ability to continue as a going concern would be expected to be considered. Disclose whether operations for the current or prior years generated sufficient cash to cover current obligations, whether waivers were obtained from creditors relating to the company's default under the provisions of debt agreements and possible effects of such conditions and events, such as: whether there is a possible need to obtain additional financing (debt or equity) or to liquidate certain holdings to offset future cash flow deficiencies. Disclose appropriate parent company information when parent is dependent upon remittances from subsidiaries to satisfy its obligations.</ElementDefenition><ElementReferences>No definition available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Liquidity Disclosure [Policy Text Block]</Label></Row><Row FlagID="0"><Id>4</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

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      and Assumptions&lt;/font&gt; &amp;#8211; The preparation of financial

      statements in accordance with United States generally

      accepted accounting principles requires management to make

      estimates and assumptions that affect the reported amounts of

      assets and liabilities and disclosures of contingent assets

      and liabilities at the date of the financial statements and

      the reported amounts of revenues and expenses during the

      reporting period. Actual results could materially differ from

      these estimates.&lt;/font&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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 -Name Accounting Standards Codification

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      Equivalents&lt;/font&gt; &amp;#8211; Cash includes petty cash and cash

      held on current bank accounts. Cash equivalents include

      short-term investments with an original maturity of three

      months or less that are readily convertible to known amounts

      of cash which are subject to insignificant risk of changes in

      value. Cash and cash equivalents as of June 30, 2013 and

      December 31, 2012 consisted mainly of U.S. dollar-denominated

      current accounts held at major banks.&lt;/font&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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 -Name Accounting Standards Codification

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Glossary Cash Equivalents

 -URI http://asc.fasb.org/extlink&amp;oid=6507016



Reference 4: http://www.xbrl.org/2003/role/presentationRef

 -Publisher SEC

 -Name Regulation S-X (SX)

 -Number 210

 -Section 02

 -Paragraph 1

 -Article 5



Reference 5: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Topic 305

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 -Publisher SEC

 -Name Financial Reporting Release (FRR)

 -Number 203

 -Paragraph 02-03



</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Cash and Cash Equivalents, Policy [Policy Text Block]</Label></Row><Row FlagID="0"><Id>6</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>2</Level><ElementName>us-gaap_RevenueRecognitionPolicyTextBlock</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="c2_From1Jan2013To30Jun2013" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold"&gt;Revenue

      Recognition&lt;/font&gt; &amp;#8211; The Company is not currently

      generating revenue; however, revenue generated in the future

      will be recognized in accordance with SEC rules. The four

      criteria that must be met in order to recognize revenue are:

      (1) persuasive evidence of an arrangement exists; (2)

      delivery has occurred; (3) the selling price is fixed and

      determinable; and (4) collectability is reasonable

      assured.&lt;/font&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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 -Publisher FASB

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

 -Publisher SEC

 -Name Staff Accounting Bulletin (SAB)

 -Number Topic 13

 -Section B

 -Paragraph Question 1



Reference 4: http://www.xbrl.org/2003/role/presentationRef

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 -Name Accounting Standards Codification

 -Topic 605

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        per Share&lt;/font&gt; &amp;#8211; Earnings (loss) per share are

        computed in accordance with current accounting literature.

        Basic earnings (loss) per share are calculated by dividing

        the net income (loss) available to common stockholders by

        the weighted average number of shares outstanding during

        the year. Diluted earnings per share reflect the potential

        dilution of securities that could share in earnings of an

        entity. In a loss year, dilutive common equivalent shares

        are excluded from the loss per share calculation as the

        effect would be anti-dilutive.&lt;/font&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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 -Name Accounting Standards Codification

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        Accounting Pronouncements&lt;/font&gt; &amp;#8211; In February 2013,

        the Financial Accounting Standards Board (FASB) issued

        Accounting Standards Update (ASU) No. 2013-02, &lt;font style="FONT-STYLE: italic; DISPLAY: inline"&gt;Comprehensive

        Income (Topic 220): Reporting of Amounts Reclassified Out

        of Accumulated Other Comprehensive Income&lt;/font&gt;, to

        improve the transparency of reporting these

        reclassifications. Other comprehensive income includes

        gains and losses that are initially excluded from net

        income for an accounting period. Those gains and losses are

        later reclassified out of accumulated other comprehensive

        income into net income. The amendments in the ASU do not

        change the current requirements for reporting net income or

        other comprehensive income in financial statements. All of

        the information that this ASU requires already is required

        to be disclosed elsewhere in the financial statements under

        U.S. GAAP. The new amendments will require an organization

        to:&lt;/font&gt;

      &lt;/div&gt;&lt;br/&gt;&lt;table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;

          &lt;tr valign="top"&gt;

            &lt;td style="WIDTH: 18pt"&gt;

              &lt;div&gt;

                &lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;#160;&lt;/font&gt;

              &lt;/div&gt;

            &lt;/td&gt;

            &lt;td style="WIDTH: 18pt"&gt;

              &lt;div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;

                &lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;-&lt;/font&gt;

              &lt;/div&gt;

            &lt;/td&gt;

            &lt;td&gt;

              &lt;div align="justify"&gt;

                &lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Present

                (either on the face of the statement where net

                income is presented or in the notes) the effects on

                the line items of net income of significant amounts

                reclassified out of accumulated other comprehensive

                income - but only if the item reclassified is

                required under U.S. GAAP to be reclassified to net

                income in its entirety in the same reporting

                period; and&lt;/font&gt;

              &lt;/div&gt;

            &lt;/td&gt;

          &lt;/tr&gt;

        &lt;/table&gt;&lt;br/&gt;&lt;table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent-0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;

          &lt;tr valign="top"&gt;

            &lt;td style="WIDTH: 18pt"&gt;

              &lt;div&gt;

                &lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;#160;&lt;/font&gt;

              &lt;/div&gt;

            &lt;/td&gt;

            &lt;td style="WIDTH: 18pt"&gt;

              &lt;div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;

                &lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;-&lt;/font&gt;

              &lt;/div&gt;

            &lt;/td&gt;

            &lt;td&gt;

              &lt;div align="justify"&gt;

                &lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Cross-reference

                to other disclosures currently required under U.S.

                GAAP for other reclassification items (that are not

                required under U.S. GAAP) to be reclassified

                directly to net income in their entirety in the

                same reporting period. This would be the case when

                a portion of the amount reclassified out of

                accumulated other comprehensive income is initially

                transferred to a balance sheet account (e.g.,

                inventory for pension-related amounts) instead of

                directly to income or expense.&lt;/font&gt;

              &lt;/div&gt;

            &lt;/td&gt;

          &lt;/tr&gt;

        &lt;/table&gt;&lt;br/&gt;&lt;div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;

        &lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The

        amendments apply to all public and private companies that

        report items of other comprehensive income. Public

        companies are required to comply with these amendments for

        all reporting periods (interim and annual). The amendments

        are effective for reporting periods beginning after

        December 15, 2012, for public companies. Early adoption is

        permitted. The adoption of ASU No. 2013-02 is not expected

        to have a material impact on our financial position or

        results of operations.&lt;/font&gt;

      &lt;/div&gt;&lt;br/&gt;&lt;div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;

        &lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In

        January 2013, the FASB issued ASU No. 2013-01, &lt;font style="FONT-STYLE: italic; DISPLAY: inline"&gt;Balance Sheet

        (Topic 210): Clarifying the Scope of Disclosures about

        Offsetting Assets and Liabilities&lt;/font&gt;, which clarifies

        which instruments and transactions are subject to the

        offsetting disclosure requirements originally established

        by ASU 2011-11. The new ASU addresses preparer concerns

        that the scope of the disclosure requirements under ASU

        2011-11 was overly broad and imposed unintended costs that

        were not commensurate with estimated benefits to financial

        statement users. In choosing to narrow the scope of the

        offsetting disclosures, the Board determined that it could

        make them more operable and cost effective for preparers

        while still giving financial statement users sufficient

        information to analyze the most significant presentation

        differences between financial statements prepared in

        accordance with U.S. GAAP and those prepared under IFRSs.

        Like ASU 2011-11, the amendments in this update will be

        effective for fiscal periods beginning on, or after January

        1, 2013. The adoption of ASU 2013-01 is not expected to

        have a material impact on our financial position or results

        of operations.&lt;/font&gt;&lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.</ElementDefenition><ElementReferences>No definition available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>New Accounting Pronouncements, Policy [Policy Text Block]</Label></Row></Rows><Footnotes /><IsEquityReport>false</IsEquityReport><ReportName>Accounting Policies, by Policy (Policies)</ReportName><MonetaryRoundingLevel>UnKnown</MonetaryRoundingLevel><SharesRoundingLevel>UnKnown</SharesRoundingLevel><PerShareRoundingLevel>UnKnown</PerShareRoundingLevel><ExchangeRateRoundingLevel>UnKnown</ExchangeRateRoundingLevel><HasCustomUnits>true</HasCustomUnits><IsEmbedReport>false</IsEmbedReport><IsMultiCurrency>false</IsMultiCurrency><ReportType>Sheet</ReportType><RoleURI>http://www.gtsoresources.com/role/AccountingPoliciesByPolicy</RoleURI><NumberOfCols>1</NumberOfCols><NumberOfRows>8</NumberOfRows></InstanceReport>
