Consistency with reference to application of accounting procedures means | Faculties

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Mr. Dubey

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Q. Consistency with reference to application of accounting procedures means

(A) All companies in the same Industry should use identical accounting procedures
(B) Income & assets have not been overstated
(C) Accounting methods & procedures shall be followed uniform basis year after year
(D) Any accounting method can be followed as per convenience

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✅ Correct Answer: (C) Accounting methods & procedures shall be followed uniform basis year after year

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