O-LevelAccountingAccounting principles and policies7707/13 · Oct/Nov 2022 · Q331 Mark

The application of which accounting principle makes it easier to compare financial statements year-on-year?

Abusiness entity

Bconsistency

Cduality

Dgoing concern

✓ Correct answer

B: consistency

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Topic: Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2022 Paper 1 Variant 3, question 33.

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