The Constraints on the Qualities of Accounting Information Are

question 34

Multiple Choice

The constraints on the qualities of accounting information are:

• A)Comparability and consistency
• B)Understandability and neutrality
• C)Cost\benefit and materiality
• D)Verifiability and timeliness

---

Definitions:

NSF

An abbreviation for "Non-Sufficient Funds", indicating that a check cannot be processed due to insufficient money in the account.

Prosecutor

A legal official who conducts criminal proceedings on behalf of the government.

Damages

Monetary compensation awarded by a court to a person who has suffered loss or injury due to the unlawful act or negligence of another.

Comparative Negligence

A legal doctrine that distributes the responsibility and damages among the parties involved in an accident based on their respective degrees of fault.