CONSISTENCY PRINCIPLE Definition

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CONSISTENCY PRINCIPLE requires accountants to apply the same methods and procedures from period to period. When they change a method from one period to another they must explain the change clearly on the financial statements.

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T&R, among others, can mean: Technical & Research or Termination & Recoupment.

WAYBILL is a document prepared by a carrier for a shipment of goods that contains details of the shipment, route, and charges. 

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