The Qualitative Characteristics of Accounting on Which the Conceptual Framework

question 58

Multiple Choice

The qualitative characteristics of accounting on which the conceptual framework is centered come under the general heading of:

• A)relevance.
• B)materiality.
• C)representational faithfulness.
• D)decision usefulness.

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Definitions:

Table Datasheet View

A spreadsheet-like view that displays the data in a table format, often found in database and spreadsheet applications.

Single-Value Lookup Field

A database column that matches a single value from one table to a corresponding value in another table, facilitating data retrieval.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity.

State

In computing, it refers to the condition or situation of a system, application, or component at a specific point in time, often determining its subsequent behavior.