Match the Terms with the Definitions

Match the terms with the definitions.
-The principle that states that a business should use the same accounting methods from period to period. This improves the comparability of the financial statements over time.

A) average cost
B) conservatism
C) perpetual inventory system
D) market value
E) consignor
F) consistency
G) cost
H) first-in, first-out method
I) gross profit method
J) last-in, first-out method
K) inventory sheet

Correct Answer:

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