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Which qualitative characteristics of accounting information …

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Which qualitative characteristics of accounting information is reflected when an accounting information is clearly represented ? A. Understand ability B . relevance C . comparability D . reliablity

Posted by Shaima Syed 3 years, 6 months ago

CBSE > Class 11 > Accountancy

3 answers

Manisha Dhibar 3 years, 6 months ago

Understandability

Payal Jain 3 years, 6 months ago

Understandability

Gaurav Seth 3 years, 6 months ago

Understandability is the concept that financial information should be presented so that a reader can easily comprehend it.

Adherence to a reasonable level of understandability would prevent an organization from deliberately confusing financial information in order to mislead users of its financial statements.

ANSWER

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