Using the same accounting methods to record and report similar events from period to period demonstrates
A)consistency.
B)comparability.
C)neutrality.
D)faithful representation.

Question

Quizplus · Accepted Answer

Consistency refers to using the same accounting methods consistently from one period to another. This ensures that financial statements are comparable over time and provide users with reliable information for decision-making.

Using the Same Accounting Methods to Record and Report Similar