Question $5$: $(2$ marks$)$

Financial information exhibits the characteristic of consistency when:

A$.$ expenses are reported as charges against revenue in the period in which they are paid.

B$.$ accounting entities give "accountable" events the same accounting treatment from period to period.

unusual or infrequent gains and losses are not included on the income statement.

accounting procedures are adopted which give a consistent rate of net income.

expenses are reported as charges against revenue in the period in which they are paid.

accounting entities give "accountable" events the same accounting treatment from period to period.

unusual or infrequent gains and losses are not included on the income statement.

accounting procedures are adopted which give a consistent rate of net income