Accountancy, asked by hariharan1102005, 2 months ago

Why is itimportantto adopta consistentbasis forthe preparationoffinancialstatements?Explain

Answers

Answered by mukeshsharma4365

Answer:

According to the Consistency Principle, accounting practices once selected should be continued over a period of time (i.e. years after years) and should not be changed very frequently.

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