Question

Accounting information should be comparable. Do you agree with the statement? Give reason

Answer 1

yes it should be comparable , because to understand the current financial position with previous years,and to compare our performance with the competitors in the industry

Answer 2

Yes it is true that the accounting information should be comparable to justify their accountability, in any book of financial statement the information may be correct in the wrong way, therefore a third party is required where he will come up with his own accounting information if the information is comparable and similar then the information is genuine.