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Theory Base of Accounting — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountTheory Base of Accounting3 Marks
Question
Why should a business follow the consistency Concept?
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Answer

One of the qualitative characteristic of accounting information is comparability i.e., the financial statements must be comparable from year to year. It is possible only when accounting principles are not changed and followed consistently year after year.

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