Question

explain the qualitative characteristic of accounting understandability ​

Answer 1

Answer:

Understandability- Understandability is the third most important qualitative characteristic of accounting information. Understandability means decision-makers must interpret accounting information in the same sense as it is prepared and conveyed to them.

Answer 2

Understandability- Understandability is the third most important qualitative characteristic of accounting information. Understandability means decision-makers must interpret accounting information in the same sense as it is prepared and conveyed to them.