Question

explain the convention of consistency and convention of conservatism.​

Answer 1

Answer:

Convention of conservatism. 3.2 CONVENTION OF CONSISTENCY. The convention of consistency means that same accounting principles should be used for preparing financial statements year after year.

Answer 2

Explanation:

Convention of conservatism. 3.2 CONVENTION OF CONSISTENCY. The convention of consistency means that same accounting principles should be used for preparing financial statements year after year.