Question

is the comparison of two or more items on a financial statement over the course of two or more accounting periods or dates and the determination of the changes over that period.

Answer 1

Answer:

Comparability

Explanation:

The comparability  accounting principle states that the financial information from one period can be compared to the financial information of another period to determine what changes have occurred during that time. It is one of the most important qualities that financial information should possess, since comparability allows year to year comparisons within the same company's financial information or the comparison of financial information between different companies. This is exactly why accountants have to follow certain procedures and norms like GAAP.