Accounting for IGCSE & O level - Advanced Principles (Section 3 - No. 11)
What does the 'consistency' principle in accounting emphasize?
That financial statements are always accurate.
That businesses should use the same accounting methods from period to period.
That financial statements should be easy to understand.
That all transactions must be recorded in the same accounting period.
설명
The consistency principle requires that businesses use the same accounting methods and policies over time to allow for meaningful comparisons of financial results.