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11 November, 10:08

The accounting principle that requires that the cost flow assumption be consistent with the physical movement of goods is:a. called the matching principleb. called the consistency principlec. nonexistent; that is, there is no such accounting requirementd. called the physical flow assumption

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  1. 11 November, 10:29
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    Answer: C nonexistent; that is, there is no such accounting requirement.

    Explanation: there is no accounting

    assumption that requires that the cost flow be consistent with the physical movement of goods.

    Instead, the movement of money (real or virtual) is tracked using a cash flow statement; income and profit matches revenues to the timing of when products/services are delivered-a company's net income can actually be materially different from its cash flow.
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