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If the accounting information is not clearly presented, which of the qualitative characteristic of the accounting information is violated? - Accountancy

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Question

If the accounting information is not clearly presented, which of the qualitative characteristic of the accounting information is violated?

Answer in Brief

Solution

If the accounting information is not clearly presented, then the qualitative characteristics like, comparability, reliability and understandability, are violated.

This is because if the accounting information is not clearly presented, then meaningful comparison may not be possible, as the data is not trustworthy, which may lead to faulty conclusions.

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Accounting as a Source of Information
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Chapter 1: Introduction to Accounting - Questions for practice [Page 21]

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NCERT Accountancy - Financial Accounting 1 [English] Class 11
Chapter 1 Introduction to Accounting
Questions for practice | Q 11 | Page 21
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