Question

When information about two different enterprises has been prepared and presented in a similar manner, the Information exhibits the characteristic of:______

a. relevance.
b. reliability.
c. consistency.
d. none of these

Answer 1

Answer:

The correct answer is letter "C": consistency.

Explanation:

The consistency principle in Accounting states that a firm should use the same accounting method at the moment of record-keeping its transactions from one period to the following. However, the principle allows companies to change that method from one period over the next one.