Which of the following statements is not true?
A) Comparability means using different accounting principles from year to year within a company.
B) Faithful representation means information must be neutral, complete, and free from error.
C) Relevant accounting information must be capable of making a difference in a user's decision.
D) For accounting information to be relevant, it must have timeliness.

Question

Quizplus · Accepted Answer

Comparability means using the same accounting principles consistently from year to year within a company, not different ones.

Which of the Following Statements Is Not True