Financial accounting information is characterized by all of the following except
  • a)
    It is historical in nature. 
  • b)
    It is factual, so it does not require judgement to prepare. 
  • c)
    It results from inexact and appropriate measures. 
  • d)
    It is enhanced by management’s explanation. 
Correct answer is option 'B'. Can you explain this answer?

CA Foundation Question

Patidar Patidar answered Jul 10, 2018
Yes

This discussion on Financial accounting information is characterized by all of the following excepta)It is historical in nature.b)It is factual, so it does not require judgement to prepare.c)It results from inexact and appropriate measures.d)It is enhanced by management’s explanation.Correct answer is option 'B'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Financial accounting information is characterized by all of the following excepta)It is historical in nature.b)It is factual, so it does not require judgement to prepare.c)It results from inexact and appropriate measures.d)It is enhanced by management’s explanation.Correct answer is option 'B'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Financial accounting information is characterized by all of the following excepta)It is historical in nature.b)It is factual, so it does not require judgement to prepare.c)It results from inexact and appropriate measures.d)It is enhanced by management’s explanation.Correct answer is option 'B'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.