One of the Two Constraints in Accounting Is

question 29

Multiple Choice

One of the two constraints in accounting is:

• A) comparability.
• B) materiality.
• C) faithful representation.
• D) relevance.

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Definitions:

Matches Reality

This term is not well-defined in a broad technical context and could be interpreted variously depending on the field; however, it generally suggests the degree to which a model or simulation accurately represents the real world.

Spreadsheet

A program designed for organizing, analyzing, and storing data in tabular form, often featuring calculation, graphing, and pivot table functions.

Calculations

The process of determining the result of a mathematical or logical expression.