Which of the characteristics is not necessary in order for accounting


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Which of the characteristics is not necessary in order for accounting information to provide faithful representation? a. conservative. b. free from error. c. complete. d. neutral. Consistency of information means that: a.

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Which of the characteristics is not necessary in order for accounting
information to provide faithful representation?
a. conservative.
b. free from error.
c. complete.
d. neutral.

Consistency of information means that:
a. the information would influence a decision.
b. different companies use the same accounting principles.
c. the amounts involved are material.
d. a company uses the same accounting principles and methods from year to year.

Comparability of information results when:
a. the information would influence a decision.
b. different companies use the same accounting principles.
c. the amounts involved are material.
d. a company uses the same accounting principles and methods from year to year.

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