Which attribute ensures information can be compared across periods and with other organizations?

• A. Balance
• B. Comparability
• C. Accuracy
• D. Timeliness

Answer: (B)

Comparability allows users to identify similarities and differences in financial information across time and between organizations, making it possible to assess trends and performance on a like-for-like basis. It relies on applying consistent accounting policies and presentation from period to period, and, when policies change, providing clear disclosures and restating prior figures so apples-to-apples comparisons remain meaningful. Timeliness concerns how current the information is, accuracy is about correct measurement, and balance isn’t the quality that enables cross-period or cross-entity comparison.