The most important qualitative characteristic that accounting information should possess is
A) relevance.
B) reliability.
C) accuracy.
D) representation faithfulness.
E) decision usefulness.

Question

Quizplus · Accepted Answer

Decision usefulness is the overarching qualitative characteristic that encompasses relevance and reliability, ensuring that accounting information is helpful for decision-making.

The Most Important Qualitative Characteristic That Accounting Information Should Possess