Accounting Multiple Choice Question – 7 March 2025

Which accounting principle states that a company should use the same accounting methods and procedures from one accounting period to the next?

Select ONE answer:

1. The materiality principle
2. The consistency principle
3. The prudence principle
4. The faithful representation principle

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct == > The consistency principle states a company should use the same accounting methods and procedures from period to period.
3. Not correct
4. Not correct

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