Question

characteristics of accounting ​

Answer 1

Answer:

Characteristics:

•Understandability.

•Relevance.

•Consistency.

•Comparability.

•Reliability.

•Objectivity.

Explanation:

Accounting can be defined as a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information.

Answer 2

Answer:

Accounting Information - Characteristics

• Understandability.
• Relevance.
• Consistency.
• Comparability.
• Reliability.
• Objectivity.

Explanation:

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