Question

what do you know about qualitative aspects of accounting information? explain about various qualitative aspects of accounting information​

Answer 1

Explanation:

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.

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.

Explanation:

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