Comparability of financial information results when:
A) different entities use different accounting principles.
B) different entities use the same accounting principles.
C) that information can be depended upon to be relevant.
D) the financial reports are understandable.

Question

Quizplus · Accepted Answer

In accounting, comparability is achieved when an entity uses the same or consistent accounting principles each year and different entities use the same accounting principles.

Comparability of Financial Information Results When