Expalain what is consistency of presentation means in relation to the presentation of financial statements?

Accounting Auditing Frameworks Economics Finance

Question added by tshegofatso chakane
Date Posted: 2017/05/04

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by JULIA BEGSENG , Bookkeeper , Saint Joseph Parish-Kayapa Multi-Purpose Credit Union

The consistency of presentation in relation to the presentation of financial statements has two concepts; First, with in a given period, similar items should receive the same accounting treatment ,second, the same accounting treatment should be applied from one accounting period to the next.

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