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What does the "Principle of Comparability" involve in report preparation?
  • a)
    Comparing financial statements of different organizations
  • b)
    Comparing current year information with last year information
  • c)
    Comparing internal and external data
  • d)
    Comparing qualitative and quantitative data
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What does the "Principle of Comparability" involve in report...
The Principle of Comparability involves comparing current year information with last year information to highlight significant variations and trends.
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What does the "Principle of Comparability" involve in report preparation?a)Comparing financial statements of different organizationsb)Comparing current year information with last year informationc)Comparing internal and external datad)Comparing qualitative and quantitative dataCorrect answer is option 'B'. Can you explain this answer?
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