These are word's definitions related to consistency-concept. Click on any word to go to its word's detail page. Or, go to the definition of consistency-concept.
0 a basic principle of accounting stating that the same methods for doing accounts should be used from one financial year to the next so that profits, losses, etc. can be compared:
According to the consistency concept, once a business has decided on a particular method for treating an accounting item, it will treat all similar items in the same way in the future.
