Which of the following is a fundamental quality of useful accounting information?

Question

Quizplus · Accepted Answer

Relevance is a fundamental quality of useful accounting information because it must be capable of making a difference in the decisions made by users of the information. The information must pertain to the subject matter and be timely. While comparability, consistency, and materiality are also important qualities, they are not fundamental.

Which of the Following Is a Fundamental Quality of Useful