Question
If an accounting information is free from errors, then
which qualitative characteristic is reflected?Solution
Reliability is a qualitative characteristic of accounting information. If accounting information is free from errors and can be depended upon to represent the economic substance of transactions faithfully, it is considered reliable. Reliability is essential for users of financial statements to make informed decisions based on accurate and trustworthy information.
12.052 + 36.15 × 25.45 – 124.15 × 15.05 = ? × 8.08 – 64.32 × 15.98
6.992 + (2.01 × 2.98) + ? = 175.03
64.889% of 399.879 + √? = 54.90% of 799.80 – 44.03% of 400.21
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