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.

---

Definitions:

Constitutional Right

A right granted and protected by a country's constitution, often relating to individual freedoms and legal protections.

Bill of Rights

The Bill of Rights comprises the first ten amendments to the United States Constitution, guaranteeing essential rights and freedoms to American citizens.

Excessively Violent

Referring to actions that go beyond normal or accepted levels of aggression or force.

Unconstitutional Restriction

A limitation or rule that violates the principles or specific provisions of the Constitution.