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The consistency concept aims at?

Accounts - Principles of Accounts
WAEC 2018

The consistency concept aims at?

  • A. ensuring that all expenses are matched against revenue
  • B. reducing cost
  • C. comparability of accounting records
  • D. suppressing profits to be declared
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Correct Answer: Option C
Explanation

The concept of consistency means that accounting methods once adopted must be applied consistently in the future, and same methods and techniques must be used for similar situations

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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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