O-LevelAccountingAccounting principles and policies7707/11 · May/June 2013 · Q301 Mark
What is ensured by applying the principle of consistency?
ABusiness assets are separate from the owner's assets.
BIncome statements exclude items relating to a different financial period.
CIncome statements exclude items which have no monetary value.
DResults can be compared from year to year.
✓ Correct answer
D: Results can be compared from year to year.
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