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WAEC Financial Accounting 2019 Question 1

Question 1

Introduction to Accounting

A quality of accounting information is that it should be

  1. A.profitable.
  2. B.verifiable.
  3. C.appreciable.
  4. D.depreciable.
Show the answer and explanation

Answer: B (verifiable.)

Explanation

Accounting information should be checkable against evidence: verifiable.