What Are the Four Key Qualities of Accounting Information

question 34

Multiple Choice

What are the four key qualities of accounting information?

• A)Relevance, reliability, comparability and understandability
• B)Identification, analysis, reliability and timeliness
• C)Planning, control, comparability and analysis
• D)Understandability, identification, analysis and relevance

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Definitions:

Principal Square Root

The non-negative square root of a number, denoted as √x for a non-negative number x.

Real Roots

Real roots are the values of the variable that satisfy an equation, where the solutions are real numbers.

Calculator

An electronic or mechanical device used to perform mathematical operations.

Irrational

A term describing a number that cannot be expressed as a ratio of two integers; its decimal representation does not terminate or repeat.