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WAEC Accounting 2018 Objective — Question 2

Question 2 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.

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One of the characteristics of useful accounting information is

  • A. profitability
  • B. comparabilityCorrect
  • C. efficiency
  • D. liquidity

Explanation

Useful accounting information should be comparable, i.e. prepared in a way that allows comparison across periods or firms.

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