Introduction to Book Keeping and Accountancy — Book Keeping & Accountancy STD 11 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyIntroduction to Book Keeping and Accountancy1 Mark
Question
What is the consistency concept?
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Answer
The consistency concept implies that any policy adopted for accounting should be continuous or consistent throughout the business and it need not be changed generally unless and until circumstances demand.
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