Why is consistency important in accounting?

1 answer

Answer

1275769

2026-04-01 11:00

+ Follow

In order to achieve comparability of the financial statement of an enterprises through time, the accounting policies are followed consistently from one period to another; a change in an accounting policy is made only in certain circumstances.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.