Question
The concept that requires a business to use the same
accounting methods and policies from one period to the next is called:Solution
The Consistency Concept dictates that once an accounting method or policy (e.g., depreciation method, inventory valuation method) is adopted, it should be applied consistently over time. This allows for meaningful comparison of financial statements across different periods.
The Ministry of Culture raised financial assistance from ₹1 crore to which amount for heritage projects in 2025?
GIC, Singapore, has launched a new platform in India to fund smart metering projects in the country with a capital outlay of $2 billion.GIC will hold a...
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