The attribute consistency, which should be possessed by the financial statements prepared by an enterprise, has a direct bearing upon the other attribute namely:

CS Executive · Cost and Management Accounting · PYQS · December 2020
The attribute consistency, which should be possessed by the financial statements prepared by an enterprise, has a direct bearing upon the other attribute namely:
(A) Comparability
(B) Authenticity
(C) Promptness
(D) Relevance

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Financial Accounting

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