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WAEC Financial Accounting 2023 Question 22

Question 22

Introduction to Accounting

Reliability as a quality of accounting information means that accounting

  1. A.rules and guidelines are applied.
  2. B.information is comprehensive.
  3. C.report is prepared promptly.
  4. D.information is prepared based on evidence.
Show the answer and explanation

Answer: D (information is prepared based on evidence.)

Explanation

Reliable information is backed by evidence and free from bias.