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Introduction to Accounting — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountIntroduction to Accounting1 Mark
Question
What is meant by qualitative information?
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Answer

Qualitative aspects of business units are those aspects which cannot be expressed in rnonetary terms, such as changes in management, reputation of the business, cordial management-labour relations, firm's ability to develop new products, efficiency of management, satisfaction of firm's customers etc.

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