The main qualities of accounting information that make accounting information useful for decision making are ________ and ________.
A) relevance; reliability
B) relevance; comparability
C) consistency; comparability
D) relevance; faithful representation

Question

Quizplus · Accepted Answer

The main qualities that make accounting information useful for decision-making are relevance and faithful representation. Relevance ensures the information makes a difference in decision-making, while faithful representation ensures the information accurately reflects the economic phenomena it purports to represent.

The Main Qualities of Accounting Information That Make Accounting Information