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Question

Which qualitative characteristic of accounting information is reflected when accounting information is clearly presented ? 


A
Understandability
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B
Relevance
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C
Comparability
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D
Reliability
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Solution

The correct option is A Understandability
Understandability is the concept that financial information should be presented so that a reader can easily comprehend it. 
Adherence to a reasonable level of understandability would prevent an organization from deliberately confusing financial information in order to mislead users of its financial statements.

Fundamentals of Accounting and Auditing

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