The generally accepted accounting principle that indicates that once an accounting method has been chosen by management, this should be used from period to period unless a change is necessary and this change must be disclosed is the _______________.

Question

Quizplus · Accepted Answer

The consistency principle requires that an accounting method be consistently used from period to period unless a change is necessary and this change must be disclosed in the financial statements.

The Generally Accepted Accounting Principle That Indicates That Once an Accounting