Question

What are the attributes of accounting?

Answer 1

Answer:

General Accounting features or attributes involve:

• Understandability, such that, demonstrates the audiences the expression and consistency of results.
• Relevance, valuable knowledge must help a client conform and should revise the form.
• The similarity in the handling of products and the implementation of accounting policies implies consistency.
• The ability of users to make distinctions based on customer needs is illustrated by usability.
• Objectivity states that information in a neutral way is applied and prepared. It isn’t biased in another world.