Question

Use of common unit of measurement and common format of reporting promotes:- * Comparability Understandibility Relevance Reliability​

Answer 1

Explanation:

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Comparability' characteristic of accounting information requires the use of common units and common format of reporting. It is the most important quality of accounting information. Comparability means accounting information of a current year can be comparable with that of the previous years.

Answer 2

Answer:

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