Question
Which of the following is not a qualitative
characteristic of accounting information?Solution
The demand for accounting information by investors, lenders , creditors, etc., creates fundamental qualitative characteristics that are desirable in accounting information. There are six qualitative characteristics of accounting information: · Relevance – how helpful the information is for financial decision-making processes· Representational faithfulness or Reliability - the extent to which information accurately reflects a company’s financials· Verifiability - the extent to which information is reproducible given the same data and assumptions· Timeliness - how quickly information is available to users of accounting information· Understandability - the degree to which information is easily understood· Comparability - the degree to which accounting standards and policies are consistently applied from one period to another
What will come in place of the question mark (?) in the following series?
50, 70, 110, 190, 310, ?
What will come in place of the question mark (?) in the following number series?
29, 30, 33, ?, 69, 150
What will come in place of the question mark (?) in the following series?
120, 289, 530, ?, 1114, 1609
80, 120, 30, 45, 9, 13.5, ?
10, 94, 115, 138, 163, ?
- What will come in place of the question mark (?) in the following series?
13, 15, 18, 23, 30, ? Find the missing number, in the given number series.
25, 30, 40, 57, ?, 120
5Â Â Â Â 12Â Â Â Â 26Â Â Â Â 47Â Â Â Â Â ? Â Â Â Â Â Â 110
...Find the missing character.
81 72 136 111 ? 278
...