The Convention of Consistency Refers to Consistent Use of Accounting

question 239

Multiple Choice

The convention of consistency refers to consistent use of accounting principles

• A) among firms.
• B) among accounting periods.
• C) throughout the accounting periods.
• D) within industries.

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Definitions:

Crystallizing

The clarification of one's goals, desires, or ideas, making them clear and understandable.

Specifying

Involves clearly identifying, detailing, or mentioning something explicitly or precisely.

Vocational Choice

The selection of a career or profession based on individual preferences, skills, and values.

Self-concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's abilities, appearance, and more.