Which one of the following is not an enhancing quality of useful information?
A) Timelines
B) Understand ability
C) Monetary Unit
D) Comparability

Question

Quizplus · Accepted Answer

Monetary unit is not an enhancing quality of useful information, rather it is a basic characteristic of financial reporting, which states that financial transactions should be measured and reported in a common monetary unit (such as US dollars) to facilitate comparison. The other options (timeliness, understandability, and comparability) are all enhancing qualities that can make information more useful for decision-making.

Which One of the Following Is Not an Enhancing Quality