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Introduction to Accounting — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountIntroduction to Accounting1 Mark
MCQ
When information about two different enterprises have been prepared presented in a similar manner, the information exhibits the characteristics of______________.
  • A
    Verifiability
  • B
    Relevance
  • C
    Reliability
  • ✓
    None of these
✓

Answer

Correct option: D.
None of these
When information about two different enterprises have been prepared presented in a similar manner, the information exhibits the characteristics of comparability.
It means that the books of accounts should be prepared in such a way that they facilitate easy comparison, intra firm or inter firm.

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