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Use of common unit of measurement and co...

Use of common unit of measurement and common format of reporting promotes:-
1) Comparability
2)Understandability
3) Relevance
4)Reliability

A

Comparability

B

Understandabiliy

C

Relevance

D

Releability

Text Solution

Verified by Experts

The correct Answer is:
Comparability
1) Comparability
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NCERT-INTRODUCTION TO ACCOUNTING-All Questions
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  14. Define accounting.

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  15. State the end product of financial accounting.

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  16. Enumerate main objectives of accounting.

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  17. INTERESTED USERS OF INFORMATION

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  18. State the nature of accounting information required by long term lende...

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  19. Who are the external users of information?

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  20. Enumerate information needs of management

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