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    5. Which characteristic of financial information requires it to be based on accurate and complete data?

    Question

    Which characteristic of financial information requires

    it to be based on accurate and complete data?
    A Relevance Correct Answer Incorrect Answer
    B Reliability Correct Answer Incorrect Answer
    C Comparability Correct Answer Incorrect Answer
    D Materiality Correct Answer Incorrect Answer

    Solution

    The reliability characteristic requires financial information to be based on accurate and complete data.

    Practice Next
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    Relevant for Exams:

    • UPSC EPFO (APFC)
    • UPSC

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