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CBSE Class 11-commerce Answered

“Accounting Information should be reliable” Do you agree with this statement? If yes, why?
Asked by Topperlearning User | 07 Jun, 2016, 10:32: AM
answered-by-expert Expert Answer

Yes, accounting information should be reliable because it helps the users to arrive at decisions such as:

  1. Understanding the position of the business i.e. whether it is earning profit of loss incurred.
  2. Arriving at informed decisions such as determination of selling price, cost controls and reduction and investment into new projects.
Answered by | 07 Jun, 2016, 12:32: PM
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 10:32: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 10:32: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 10:32: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 10:32: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 10:32: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 10:32: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 10:32: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 10:32: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 10:32: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 07 Jun, 2016, 10:32: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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