Financial Accounting MCQs

The comparison of financial statement of one year with that of another is possible only when concept is followed

April 23, 2022

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The comparison of financial statement of one year with that of another is possible only when concept is followed

Q. The comparison of financial statement of one year with that of another is possible only when concept is followed

A. Consistency

B. Going concern

C. Accrual

D. Materiality

Answer: Consistency

The comparison of financial statement of one year with that of another is possible only when concept is followed

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