Which of the following states that the business should use the same accounting methods from period to period?

Name: Which of the following states that the business should use the same accounting methods from period to period?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The consistency principle states that a business should use the same accounting methods and procedures from period to period in order to ensure comparability and consistency in financial reporting. This allows for more accurate analysis and decision-making by stakeholders.

Which of the Following States That the Business Should Use