If Accounting information is based on facts and it is verifiable by documents it has the quality of
1 point
Relevance
Comparability
Understand ability
Reliability
Answers
Answer:
comparability
Explanation:
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Answer:
Relevance is the concept of one topic being connected to another topic in a way that makes it useful to consider the second topic when considering the first. The concept of relevance is studied in many different fields, including cognitive sciences, logic, and library and information science.
Comparability is the level of standardization of accounting information that allows the financial statements of multiple organizations to be compared to each other.
Understandability is the concept that financial information should be presented so that a reader can easily comprehend it. This concept assumes a reasonable knowledge of business by the reader, but does not require advanced business knowledge to gain a high level of comprehension.
Reliability in statistics and psychometrics is the overall consistency of a measure. A measure is said to have a high reliability if it produces similar results under consistent conditions.
Explanation:
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