Chapter 2, Problem 2MCQ

To determine

Introduction: The conceptual framework of accounting explains the objectives and concepts for reporting financial information. It helps the accountants in providing the financial information which is most useful for existing as well as potential investors, lenders and other creditors in making vital decisions involving buying and selling of equity or debt instruments, providing or settling loans or any other management decisions for using economic resources.

To select-The option which is not a characteristic of useful information for financial reporting.