Question

Discuss characteristic of accounting in details




not qualitative characteristcs​

Answer 1

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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.

Answer 2

Explanation:

Relevance: 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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