Breifly Explain characteristics of accounting information
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Qualitative characteristics of accounting information
Qualitative characteristics of accounting informationRelevance: information makes a difference in decision making. Reliability: information is verifiable, factual, and neutral. Comparability: information can be used to compare different entities. Consistency: information is consistently presented from year to year.
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Qualitive characteristics of accounting information
Information makes difference ina decision making .
Realibility ; information is verifiable ,factual and neutral Comparability ; information can beused to compare the different entities
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