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The Qualitative Characteristics of Financial Information

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › The Qualitative Characteristics of Financial Information

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by AvatarJohn Moffat.
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  • March 6, 2024 at 3:08 am #702119
    AvatarTony1998
    Participant
    • Topics: 5
    • Replies: 0
    • ☆

    The accounting concept which dictates that non-current assets should be valued at cost less accumulated depreciation, rather than at their enforced saleable value, is:
    A. Understandability
    B. Relevance
    C. Comparability
    D. Going concern

    Which is the correct answer?

    March 6, 2024 at 7:18 am #702135
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54838
    • ☆☆☆☆☆

    Please do not simply type out a full question and expect to be provided with a full answer. You must have an answer in the same book in which you found the question, so in future ask about whatever it is about the answer that you are not clear about and then I will explain.

    The answer is D.

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