Which principle or concept states that businesses should use the same accounting methods and procedures from period to period? Disclosure Conservatism Consistency Materiality
Which principle or concept states that businesses should use the same accounting methods and procedures from period to period? Disclosure Conservatism Consistency Materiality
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 10MC: Which of the following is the principle that a business must report any business activities that...
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Which principle or concept states that businesses should use the same accounting methods and procedures from period to period?
- Disclosure
- Conservatism
- Consistency
- Materiality
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