In order for accounting information to be useful in making informed decisions, it must be
A)relevant
B)reliable
C)both relevant and reliable
D)nether relevant nor reliable

Question

Quizplus · Accepted Answer

Both relevance and reliability are necessary for accounting information to be useful in making informed decisions. Relevant information is pertinent and applicable to the decision being made, while reliable information is accurate and can be depended upon to inform the decision.

In Order for Accounting Information to Be Useful in Making