O-LevelAccountingAccounting principles and policies7707/12 · Oct/Nov 2024 · Q351 Mark

Which qualitative factor requires that financial information is provided in a timely manner so that it can be used for decision making?

Acomparability

Brelevance

Creliability

Dunderstandability

✓ Correct answer

B: relevance

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Topic: Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 2, question 35.

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