Question

explain briefly any two characteristics of accounting?​

Answer 1

Answer:

In addition to the aforementioned characteristics (i.e., relevance, reliability, comparability, and consistency), the following qualities of accounting information affect its usefulness: understandability, materiality, and conservatism.

Explanation:

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Answer 2

Answer:

Qualitative characteristics of accounting information

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.