Match the Following Terms with the Appropriate Definition

question 72

Multiple Choice

Match the following terms with the appropriate definition.
-The accounting principle that a company use the same accounting methods period after period so that the financial statements of succeeding periods will be comparable.

• A)Gross profit method
• B)Inventory turnover
• C)Conservatism principle
• D)Consistency concept
• E)Consignor
• F)Consignee
• G)Days' sales in inventory
• H)Retail inventory method
• I)Specific identification method
• J)Lower of cost or market