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Question

Accounting procedures and accounting practices should remain same from year to year under which of the following accounting principles:

A
Materiality Principle
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B
Timeliness Principle
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C
Consistency Principle
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D
Conservatism Principle
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Solution

The correct option is C Consistency Principle
The consistency principle states that, once you adopt an accounting principle or method, continue to follow it consistently in future accounting periods.

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