To achieve the comparability of the financial statements of an enterprise, the same accounting polic - (b) consistency Description: In order to achieve comparability of financial statements the same accounting policies should be followed over time due to the concept of consistency. - Fundamentals of Accounting Interview Questions and Answers

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Question: To achieve the comparability of the financial statements of an enterprise, the same accounting policies should be followed from one period to another period due to _________ concept. a) Materiality b) Consistency c) Conservatism d) Going Concern

Answer: (b) consistency
Description: In order to achieve comparability of financial statements the same accounting policies should be followed over time due to the concept of consistency.

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Question: To achieve the comparability of the financial statements of an enterprise, the same accounting policies should be followed from one period to another period due to _________ concept. a) Materiality b) Consistency c) Conservatism d) Going Concern

Answer:

(b) consistency
Description: In order to achieve comparability of financial statements the same accounting policies should be followed over time due to the concept of consistency. Source: CoolInterview.com

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