Which of These Is Not One of the Key Qualitative

question 45

Multiple Choice

Which of these is not one of the key qualitative characteristics of accounting information?

• A) control
• B) comparability
• C) relevance
• D) cost versus benefit

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Definitions:

General Journal

A primary accounting record where financial transactions are entered before being posted to ledger accounts.

Accounts Receivable

Represents money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Horizontal Analysis

A technique in financial analysis where line items on financial statements are compared across subsequent periods to identify trends or significant changes.

Vertical Analysis

A method in financial analysis where each entry in a statement is listed as a proportion of another item, often used to compare line items over different periods.