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The primary qualities that make accounti...

The primary qualities that make accounting information useful for decision-making are :-
1) Relevance and freedom from bias
2)Reliability and comparability
3)Comparability and consistency
4)None of the above

A

Relevance and freedom from bias

B

Reliability and comparability

C

Comparability and consistency

D

None of the above

Text Solution

Verified by Experts

The correct Answer is:
Reliability and comparability

The primary qualities that create accounting info helpful for deciding area unit responsibleness and likeness. responsibleness implies that the statement of accounts/accounting info is reliable for the users of the monetary statements.
Comparability implies that the accounting info ought to be given in such how that it's comparable and it facilitates inhume and intra-firm comparison.
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