Computations and comparisons of accounting ratios is possible because:
A)the zero point in accounting implies "nothingness" in terms of dollar amount.
B)accounting measures are on an interval scale.
C)assets and liabilities are listed in the order of liquidity in the balance sheet.
D)accounting is a basic classification system.

Question

Quizplus · Accepted Answer

The Answer of Computations and comparisons of accounting ratios is possible because:
A)the zero point in accounting implies "nothingness" in terms of dollar amount.
B)accounting measures are on an interval scale.
C)assets and liabilities are listed in the order of liquidity in the balance sheet.
D)accounting is a basic classification system.

Computations and Comparisons of Accounting Ratios Is Possible Because