The accounting principle that requires that the cost flow assumption be consistent with the physical movement of goods is
A) called the matching principle.
B) called the consistency principle.
C) nonexistent; that is, there is no accounting requirement.
D) called the physical flow assumption.

Question

Quizplus · Accepted Answer

There is no accounting requirement that the cost flow assumption must match the physical movement of goods.

The Accounting Principle That Requires That the Cost Flow Assumption