The accounting principle that requires the same depreciation method or inventory valuation method to be used over consecutive accounting periods is:
A) reliability.
B) conservatism.
C) historical cost.
D) consistency.

Question

Quizplus · Accepted Answer

The accounting principle that requires the same depreciation method or inventory valuation method to be used over consecutive accounting periods is consistency. This principle ensures that the financial statements are comparable and consistent over time, which improves the reliability of the information presented.

The Accounting Principle That Requires the Same Depreciation Method or Inventory