which qualitative aspect of accounting information signifies that statutorily required items must be disclosed in financial report?
Dear Student,
Qualitative aspect of accounting information focus on certain qualities which financial information must posses. These aspects are Relevance, Reliability, Consistency & Comparability.
Its "Comparability" basis which statutory required items must be disclosed in financial report as statutory information is a common set of data which can be compared;
Regards
Qualitative aspect of accounting information focus on certain qualities which financial information must posses. These aspects are Relevance, Reliability, Consistency & Comparability.
Its "Comparability" basis which statutory required items must be disclosed in financial report as statutory information is a common set of data which can be compared;
Regards