Accountıng I Deneme Sınavı Sorusu #1132418
Which of the followings states that businesses should use the same accounting methods and procedures from period to period?
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Disclosure Principle |
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Consistency Principle |
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Materiality Concept |
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Conservatism |
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Perpetual Inventory System |
Yanıt Açıklaması:
The consistency principle holds that companies should use the same accounting methods and procedures in each accounting period, so that the information provided will help investors and creditors to compare a company’s financial statements from one period to the next.
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