Question

Explain comparability as qualitative characteristics of accounting information.
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Answer 1

Answer:

Comparability means accounting information of

a current year can be comparable with that of the

previous years. Comparability enables intra-firm

comparison. This assists in assessing the

outcomes of various policies and programmes

adopted in different time horizons by the same or

different businesses.

I hope it helps you.

Answer 2

$\sf{Answer}$

• Comparability means accounting information of a current year can be comparable with that of the previous years. Comparability enables intra-firm and inter-firm comparison. This assists in assessing the outcomes of various policies and programmes adopted in different time horizons by the same or different businesses.

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