Which of the following is a constraint in accounting?

Question

Quizplus · Accepted Answer

The cost-benefit constraint requires that the benefits of providing accounting information should outweigh the costs of doing so. This constraint helps to ensure that accounting information is produced efficiently and that resources are not wasted on producing information that is not useful. Comparability, faithful representation, and relevance are all qualitative characteristics of financial reporting, not constraints.

Which of the Following Is a Constraint in Accounting