Which of the following is a fundamental quality of useful accounting information?
A) Comparability.
B) Relevance.
C) Neutrality.
D) Materiality.

Question

Quizplus · Accepted Answer

Relevance is a fundamental quality of useful accounting information, as it must be useful for decision-making purposes and have predictive value. Comparability, neutrality, and materiality are also important qualities, but relevance is the most fundamental.

Which of the Following Is a Fundamental Quality of Useful