Answer-Which of the following is not a qualitative characteristic of accounting information?

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Accepted Answer

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 middot Relevance ndash how helpful the information is for financial decision-making processesmiddot Representational faithfulness or Reliability - the extent to which information accurately reflects a companyrsquos financialsmiddot Verifiability - the extent to which information is reproducible given the same data and assumptionsmiddot Timeliness - how quickly information is available to users of accounting informationmiddot Understandability - the degree to which information is easily understoodmiddot Comparability - the degree to which accounting standards and policies are consistently applied from one period to another

Which of the following is not a qualitative

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