In order for accounting information to be useful in making informed decisions, it must be
A) relevant
B) reliable
C) Neither relevant nor reliable
D) Both relevant and reliable

Question

Quizplus · Accepted Answer

Relevant information is important as it must be related to the decision being made. Reliable information is also important as it must be accurate and free from bias. Therefore, for accounting information to be useful in making informed decisions, it must be both relevant and reliable.

In Order for Accounting Information to Be Useful in Making