WAEC Financial Accounting 2015 Question 2

Question 2

Introduction to Accounting

Which of the following is not a feature of accounting information?

  1. A.Affordability.
  2. B.Timeliness.
  3. C.Accuracy
  4. D.Completeness.
Show the answer and explanation

Answer: A (Affordability.)

Explanation

Good accounting information should be timely, accurate and complete; 'affordability' is not one of its qualities.