For accounting information to be useful,it must be which of the following?
A)It must be consistent and comparable.
B)It must be a faithful representation and relevant.
C)It must be comparable and reliable.
D)It must be relevant and consistent.

Question

Quizplus · Accepted Answer

Accounting information must be a faithful representation of what it purports to represent, ensuring accuracy and completeness, and it must be relevant, meaning it should influence the decisions of users by helping them evaluate past, present, or future events.

For Accounting Information to Be Useful,it Must Be Which of the Following