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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 |
Answer» C. Accounting methods & procedures shall be followed uniform basis year after year |
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