Which of the following is a good quality of accounting information

Which of the following is a good quality of accounting information

  1. Costly to acquire
  2. Tailor made to suit the desire of the entrepreneur
  3. Historical in nature
  4. Time bound to fit the events being represented by the information

 

ANSWER IS!

                (4).

About the Author - Dr Geoffrey Mbuva(PhD-Finance) is a lecturer of Finance and Accountancy at Kenyatta University, Kenya. He is an enthusiast of teaching and making accounting & research tutorials for his readers.