Identify the accounting concept or principle that relates to the statement in the following question: The financial statements need to contain information that is useful to decision-makers.
A) Relevance
B) Faithful representation
C) Materiality
D) Comparability
Correct Answer:
Verified
Q1: Which of the following is NOT included
Q2: Which of the following is/are included in
Q5: The agency charged with the administration and
Q7: Which of the following is not a
Q8: In reporting on its liability for long
Q9: Assets are usually reported in the balance
Q10: Which of the following is NOT true?
Q11: Which of the following statements about comparability
Q14: Which of the following opinions is NOT
Q28: The practice by Woolworths Ltd of presenting
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents