Accountancy, asked by abhyuday1011, 11 months ago

Which qualitative characteristics of accounting information is reflected when it is clearly presented ?

Answers

Answered by kamath1510
1

Answer:

The demand for accounting information by investors, lenders, creditors, etc., creates fundamental qualitative characteristics that are desirable in accounting information. There are six qualitative characteristics of accounting information. Two of the six qualitative characteristics are fundamental (must have), while the remaining four qualitative characteristics are enhancing (nice to have).

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