Which Accounting Convention states that same accounting principles sho

1.	Which Accounting Convention states that same accounting principles should be used forpreparing financial statements year after year. Explain that convention. (see lesson-2)
Answer» ANSWER: CONVENTION of conservatism. The convention of consistency MEANS that same accounting principles should be used for PREPARING financial STATEMENTS year after year.

Which Accounting Convention states that same accounting principles should be used forpreparing financial statements year after year. Explain that convention. (see lesson-2)

Answer»

CONVENTION of conservatism. The convention of consistency MEANS that same accounting principles should be used for PREPARING financial STATEMENTS year after year.

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Which Accounting Convention states that same accounting principles should be used forpreparing financial statements year after year. Explain that convention. (see lesson-2)​

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Which Accounting Convention states that same accounting principles should be used forpreparing financial statements year after year. Explain that convention. (see lesson-2)