In accounting, we presume that if rigid uniformity can be attained, it is superior to finite uniformity.

Question

Quizplus · Accepted Answer

In accounting, the goal is not to achieve rigid uniformity but rather to ensure relevance and reliability in financial reporting. Rigid uniformity could ignore the specific circumstances of individual entities, whereas flexibility within a framework of principles allows for more meaningful and useful financial information.

In Accounting, We Presume That If Rigid Uniformity Can Be