The convention of consistency relates most closely to
A) cost-benefit.
B) comparability.
C) materiality.
D) full disclosure.

Question

Quizplus · Accepted Answer

The convention of consistency requires that a company use the same accounting methods and procedures from one period to the next. This enhances comparability between financial statements both within a company and between companies in the same industry.

The Convention of Consistency Relates Most Closely to