Question

what are the attributes of accounting ?​

Answer 1

ATTRIBUTES OF ACCOUNTING. Hierarchy of Qualitative Information Understandability Decision Usefulness Relevance Predictive Value Feedback Value Timeliness Reliability Verifiability Neutrality Representational Faithfulness Comparability and Consistency.

Answer 2

Some attributes of accounting

Explanation:

General Characteristics or attributes of accounting include :

• Understandability,  that is it shows the expression and clarity of information to viewers.

• Relevance, useful information must assist a user to form conform and may revise.

• Consistency implies the similarity in the treatment of items and application of accounting policies.

• Compatibility shows the ability of users o makes comparisons based on their needs.

• Objectivity, states that information is applied and prepared in a neutral way. In another world, it's not biased.

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