Question

What is consistency assumption

Answer 1

Answer: hey mate here is your answer

Explanation:

A quality of accounting information that facilitates comparing a company's reporting of one accounting period to another. For example, the reader of a company's financial statements can assume that the company is using the same inventory cost flow assumption this period as it used last period or last year.

I hope its helpfull for you

Plz mark me brainliest

Answer 2

Answer:

according to this assumption accounting practices once selected and adopted should be applied consistently year after year this will ensure a meaningful study of performance of the business for a number of year