Accountancy, asked by priyankasingh74, 9 months ago

what is reliability and relevance ?

Answers

Answered by sinzoshree

Answer:

Relevance requires that accounting information is capable of affecting decisions made by its users. This relates to timeliness, comparability, and understandability. Reliability refers to undistorted complete information that is free from errors.

Explanation:

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Answered by akkalaanupamagoud

Answer:

Relevance requires that accounting information is capable of affecting decisions made by its users. This relates to timeliness, comparability, and understandability. Reliability refers to undistorted complete information that is free from errors. Verifiability and credibility are important issues here

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