Question 11 Not yet answered Marked out of 1.00 5. C4. Which of the following is

Question

Question 11 Not yet answered Marked out of 1.00 5. C4. Which of the following is not true concerning the Concept of comparability? Flag questionSelect one a. It serves the purpose of financial performance analysis b. It refers to comparing similar information about other entities and with similar information about the same entity for another period or another date c. It is applicable to both internal information and external information d. It applies to "expected" recognition model as opposed to "incurred" recognized model

Explanation / Answer

5)correct option is "D"

It applies to both expected model as well as incurred model (that we can make comparasion of any model ]

26)correct option is "carrying amount"

11)correct option is"B" -

Extending credit might bring cost to companies .so it is not a valid reason for not making a sales on account.

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