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Accounting Concept and Conventions

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10 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    Which of the following does not belongs to relevance characteristic in accounting?

    Predictive value

    Confirmatory value

    Neutrality

    Materiality

  • 2. Multiple Choice
    45 seconds
    1 pt

    Which of the following element represents neutrality?

    Fairness and freedom from bias

    No errors or omissions in the description of phenomenon

    Include all necessary information for user's understanding

    Provides feedback on previous evaluation

  • 3. Multiple Choice
    30 seconds
    1 pt

    Which of the following is NOT an enhancing qualitative characteristic of accoounting?

    Comparability

    Verifiability

    Understandability

    Materiality

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