seriously playMar 22, 20233 minConsistency PrincipleWhat is Consistency Principle? The Consistency Principle, in its simplest form, states that once your company, or more particularly, your...
seriously playMar 15, 20233 minWhat is the Going Concern Concept and why is it important in Accounting?A foundational idea in accounting is the going concern concept. It assumes that a firm will carry out its present goals, utilize its...