The Comparability Principle in Accounting Means That a Company Must

question 23

True/False

The comparability principle in accounting means that a company must perform strictly proper accounting only for items and transactions that are significant to the financial statements of a business.

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Definitions:

Dynamic Density

A term used by sociologists to describe the frequency and intensity of interactions within a social system or community.

Organic Solidarity

A form of social cohesion that arises when people in a society are interdependent, but hold varying roles and responsibilities.

Organic Solidarity

A term referring to social cohesion based upon the dependence individuals have on each other in more advanced societies.

Repressive Law

A concept in sociology referring to laws and legal mechanisms that maintain social order and control through the suppression of undesirable behaviors.