The qualitative characteristics of accounting on which the conceptual framework is centered come under the general heading of:
A)relevance.
B)materiality.
C)representational faithfulness.
D)decision usefulness.

Question

Quizplus · Accepted Answer

The conceptual framework of accounting is centered on the qualitative characteristic of decision usefulness, which encompasses both relevance and faithful representation.

The Qualitative Characteristics of Accounting on Which the Conceptual Framework