Accounting policies should not be changed from one period to another period is based on the principle of __________.

Consistency

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Conservatism

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Solution

The correct option is A Consistency
The accounting information provided by the financial statements would be useful in drawing conclusions regarding the working of an enterprise only when it allows comparisons over a period of time as well as with the working of other enterprises.
Thus, both inter-firm and inter-period comparisons are required to be made. This can be possible only when accounting policies and practices followed by enterprises are uniform and are consistent over the period of time.

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