Accountancy, asked by lhadol002, 6 months ago

explain consistency principles​

Answers

Answered by thanushiya72
12

The Consistency Principle means that once your organization, or, more specifically, your bookkeeper or accounting department, adopts an accounting principle or method of documenting and reporting information, that method has to be used consistently moving forward

Answered by XxmschoclatequeenxX
5

☺ Good morning ☺

Defining the Consistency Principle

Simply put, the Consistency Principle means that once your organization, or, more specifically, your bookkeeper or accounting department, adopts an accounting principle or method of documenting and reporting information, that method has to be used consistently moving forward.

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