The convention of
does not prohibit changes
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Step-by-step explanation:
This convention increases accuracy and comparability of accounting information for prediction or decision making. This convention does not prohibit changes. If there is any change, its effect should be clearly stated in the financial statements
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- The accounts has to lend themselves eailsy to the comparisions and contrasts.
- Then this convection should increase the accuracy and comparability of accunting information for prediction or decision making.
- Therefore this convection doesnot prohibit changes, if changes are there then its effect should be stated clearly in the financial satements.
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