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O-LevelAccountingAccounting principles and policies7707/13 · Oct/Nov 2024 · Q341 Mark

M Limited has made sure that its financial statements are comparable with those of previous years. How does this affect interested parties?

AThey are made aware of any changes in accounting policies.
BThey can be sure that the information in the financial statements is up to date.
CThey can understand the financial statements easily.
DThey know that there are no significant errors in the financial statements.

✓ Correct answer

A: They are made aware of any changes in accounting policies.

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About this question

Topic
Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 3, question 34.

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