Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Neutrality
A)The decision to include an amount in the financial statements.
B)Accounting information should be unbiased.
C)Considers the value of using information relative to cost of providing it.
D)Important in analysis between firms.
E)Applying the same accounting practices over time.

Question

Quizplus · Accepted Answer

Neutrality in accounting means that information must be unbiased and impartial, ensuring that financial statements are not skewed in favor of any party.

Listed Below Are Five Terms Followed by a List of Phrases