Which accounting method involves reporting figures for easy comparison between businesses?

The choice of standardized accounting practices as the correct answer is based on the importance of uniformity in financial reporting. This method facilitates a consistent approach to preparing and presenting financial statements, which allows for clear comparisons between different businesses. Standardization includes adhering to established accounting principles and guidelines, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). By using these standardized methods, businesses can ensure that their financial figures are comparable, enabling investors, stakeholders, and regulatory bodies to assess and evaluate the performance and financial health of different companies more effectively.

In contrast, single-entry bookkeeping focuses on recording only cash receipts and cash payments, and does not provide a comprehensive view of a business's financial position, making comparisons challenging. Cumulative accounting does not specifically address comparability across businesses, as it typically relates to tracking financial changes over time without a uniform structure. Personal accounting is mostly concerned with individual financial management rather than business-to-business comparison. Hence, the emphasis on standardized accounting practices for creating easily comparable financial reports justifies why this is the correct choice.