Question

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what is consistency concept ?¿​

Answer 1

Explanation:

The concept of consistency means that accounting methods once adopted must be applied consistently in future. If for any valid reasons the accounting policy is changed, a business must disclose the nature of change, the reasons for the change and its effects on the items of financial statements. ...

Answer 2

what is consistency concept ?

The sole purpose of the consistency principle, or consistency concept, is to ensure that transactions or events are recorded in the same way, from one accounting year to the next. ... In other words, businesses should not use a certain accounting method one year, and a different accounting method the next year.

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