Question

The concept that suggests that the same accounting methods should be used consistently over time to ensure comparability is known as:

Q: Answer-The concept that suggests that the same accounting methods should be used consistently over time to...

Sol. The Conventions of Consistency require that the same accounting methods and principles be applied consistently from one period to another, ensuring that financial statements are comparable across periods.

A Conventions of consistency

B Money measurement concept

C Convention of conservatism

D Convention of full disclosure

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The concept that suggests that the same accounting methods should be used consistently over time to ensure comparability is known as:

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