The comparison of financial statement of one year with that of another – McqOptions

MCQOPTIONS

1.	The comparison of financial statement of one year with that of another is possible only when ------------- ---concept is followed
A.	Going concern
B.	Accrual
C.	Consistency
D.	Materiality
Answer» D. Materiality

Discussion

No Comment Found

Related MCQs

An accounting that deals with the accounting and reporting of information to management regarding the detail information is
A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him?
The transferring of debit and credit items from journal to the respective accounts in the ledger is called as
The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept.
The comparison of financial statement of one year with that of another is possible only when ------------- ---concept is followed