List and explain at least three remedies societies take to improve on the quality and quantity...

Question

Question

List and explain at least three remedies societies take to improve on the quality and quantity of accounting information.

Answer 1

Answer #1

Three remedies that societies can take to improve on the quality and quantity of accounting information -

1. To provide for and maintain the information which is relevant and not to provide the information which is of no use and irrelevant.

2. To enhance the quality and quantity of information, it should be provided timely and on consistent basis.

3. Information must be accurate and true and correct.

Answer 2

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