Question: QUESTION 3: (25 marks) Section A The basic objective of financial reporting is to provide information for decision-making. To make best decisions regarding business, accounting

QUESTION 3: (25 marks) Section A The basic objective of financial

QUESTION 3: (25 marks) Section A The basic objective of financial reporting is to provide information for decision-making. To make best decisions regarding business, accounting information should have qualities. Explained FOUR (4) characteristics of accounting information. (a) Relevant (5 Marks) (b) Reliability (5 Marks) (c) Comparability (5 Marks) (d) Consistency

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