Vidyalelo
Commerce · Q403

Accounting

Graduate and Post Graduate · Commerce · question 403

Q403

____ principle requires that the same accounting method should be used from one accounting period to the next

A.
Conservatism
B.
Consistency
Answer
C.
Business entity
D.
Money measurement

Answer: Option B

Solution

Answer: Option B
Solution:
Consistency principle requires that the same accounting method should be used from one accounting period to the next.