Science, asked by vavavagga, 3 months ago

frequent changes in the methods of depreciation should be avoided-identify the accounting principle​

Answers

Answered by ᏟrєєpyᎷєss
3

Answer:

✠ Frequent changes in the methods of depreciation should be avoided :-

➥ Constant Principle.

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✰ Extra Information for General Knowledge :

✬ Depreciation :

The monetary value of an asset decrease over time due to use , wear and tear or obsolescence . This decrease is measured as depreciation .

✯︎ Various Depreciation Methods :

Straight Line Depreciation Method

Diminishing Balance Method

Sum of Years' Digits Method

Double Declining Balance Method

Answered by Anonymous
48

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Consistancy Principle

Explanation:

Explanation:According to this principle, the same accounting principles and practices should be followed every year. This also makes comparing previous year's result with this year's result easier. (Result Profit/Loss).

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