To be useful for decision making, information should possess the fundamental qualities of relevance and.

1 answer:

7 0

To be useful for decision making, information should possess the fundamental qualities of relevance and Faithful representation.

<h3>What is faithful representation?</h3>

Faithful representation can be defined as the financial accounting concept that stated a company financial position which they present should be correct with what the company has as their financial statement.

It is paramount that a company a financial statement is accurate to what they present in the financial statement and should not be compromise.

Therefore To be useful for decision making, information should possess the fundamental qualities of relevance and Faithful representation.

Learn more about Faithful representation here:brainly.com/question/14506917

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