The cost-benefit principle states that

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asked Jul 22, 2017 123k views

2 Answers

TareK Khoury · Answer 1 · 2017-07-25T05:24:04+0000

that the cost of providing financial information in the financial statements must not outweigh the benefit of that information to the users.

Roger Willis · Answer 2 · 2017-07-27T17:40:14+0000

Answer:

Explanation:Cost Benefit Principle is an accounting principle and it states that, "the cost of providing financial information in the financial statements must not outweigh the benefit of that information to the users". It can also be referred to as

cost benefit relationship and it simply says that no financial information is free.

The cost-benefit principle states that

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