The use of a specific accounting method by a company over time is an example of which of the following characteristics of accounting information?
A)Understandability
B)Verifiability
C)Consistency
D)Neutrality

Question

Quizplus · Accepted Answer

The use of a specific accounting method by a company over time is an example of consistency, which means that an entity uses the same accounting principles and methods consistently from period to period. Consistency enhances the comparability of financial information between different periods for the same entity.

The Use of a Specific Accounting Method by a Company