Consistency: Difference between revisions
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One of a small number of fundamental accounting concepts. | One of a small number of fundamental accounting concepts. | ||
Revision as of 14:00, 29 October 2020
Financial reporting - accounting concepts.
One of a small number of fundamental accounting concepts.
Consistency requires that like items be treated consistently within each accounting period and between accounting periods.
This helps to ensure that financial information is comparable over time.
