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WAEC Accounting 2015 Paper
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Question : 2
Total: 50
Which of the following is not a feature of accounting information?
Affordability
Timeliness
Accuracy
Completeness
Validate
Solution:
Relevance
: information makes a difference in decision making
Reliability
: information is verifiable, factual, and neutral
Comparability
: information can be used to compare different entities
Consistency
: information is consistently presented from year to year
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