"Many accounting prescriptions on how to account were developed to resolve problems as they arose. ,hence the theory underlying those prescriptions also developed in a largely unstructured manner.This has led to inconsistencies in practice".J.Godfrey,et el,'Accounting Theory',7^th Ed.p.5.Discuss the quotation,including in your discussion at least three examples of inconsistencies in accounting practice.

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The Answer of "Many accounting prescriptions on how to account were developed to resolve problems as they arose. ,hence the theory underlying those prescriptions also developed in a largely unstructured manner.This has led to inconsistencies in practice".J.Godfrey,et el,'Accounting Theory',7^th Ed.p.5.Discuss the quotation,including in your discussion at least three examples of inconsistencies in accounting practice.

"Many Accounting Prescriptions on How to Account Were Developed to Resolve