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P1 C1 Accounting and Its Terminology — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C1 Accounting and Its Terminology1 Mark
Question
Write the qualitative characteristics of accounting information.
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Answer

Qualitative characteristics of accounting information are as follows: $(1)$ Understandability $(2)$ Relevance $(3)$ Reliability $(4)$ Comparability

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