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Reliability is an essential characteristic for accounting information to be useful for decision making. Reliability represents the extent to which the information is unbiased, free from error.

Relevance is the concept that the information generated by an accounting system should impact the decision-making of someone perusing the information.

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Relevance refers to how helpful the information is for financial decision-making processes. For accounting information to be relevant

The reliability principle aims to ensure that all transactions, events, and business activities presented in the financial statements is reliable. Information is considered reliable if it can be checked, verified, and reviewed with objective evidence

Comparability is a level of accounting information that allows the financial statements of multiple organizations to be compared to each other

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Relevance: The avoidable costs that are incurred only when making specific business decisions.
Reliability:
Compatibility: The means of measure to compare the performance between businesses with the accounting information

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reliability :  a measure of the accuracy and repeatability of the data.

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Reliability : Information is considered reliable if it can be checked, verified, and reviewed with objective evidence.
Relevance  : To be relevant, information must be timely and it must have predictive value or feedback value or both.

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examine relevance and  reliability of accounting information

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Relevance requires that accounting information is capable of affecting decisions made by its users. This relates to timeliness, comparability, and understandability.

Reliability refers to complete information that is free from errors. Verifiability and credibility are important issues here.

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inventory valuation= lower the cost or net realizable value

cost= value at which you bought or made the product or material

Net Realisable value=  sale
or sales - selling expenses

unsold stock / units = 1000
cost price = $ 10 per unit
NRV / Selling price =  $ 12 per unit

inventory = 1000 *10= $10,000

working of the given question:-
cost 28
NRV= Sales - selling expense
32 - 5= 27

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Inventory valuation

Inventory valuation is an accounting practice that is followed by companies to find out the value of unsold inventory stock at the time they are preparing their financial statements. Inventory stock is an asset for an organization, and to record it in the balance sheet, it needs to have a financial value

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Inventory valuation is the cost associated with an entity's inventory at the end of a reporting period. It forms a key part of the cost of goods sold calculation, and can also be used as collateral for loans.

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An inventory valuation allows a company to provide a monetary value for items that make up their inventory.

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Inventory valuation is the cost associated with an entity's inventory at the end of a reporting period. It forms a key part of the cost of goods sold calculation, and can also be used as collateral for loans.

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Inventory valuation is the monetary amount associated with the goods in the inventory at the end of an accounting period.

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An inventory valuation permits an organization to offer a financial benefit for things that make up their stock. This is done at the end of every year to determine if there's a profit or loss.

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Inventory Valuation is the cash related to the goods in the inventory for the accounting period.

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Inventory valuation is an accounting practice that is followed by companies to find out the value of unsold inventory stock at the time they are preparing their financial statements. Inventory stock is an asset for an organization, and to record it in the balance sheet, it needs to have a financial value.

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Capital expenditure or capital expense is the money an organization or corporate entity spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land.
Revenue expenditures are short-term expenses used in the current period or typically within one year. They include expenses required to meet the ongoing operational costs of running a business.

I forgot to fill one in :(

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Capital expenditures:Money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.

Revenue expenditures: Revenue expenditures are short-term expenses used in the current period or typically within one year. Revenue expenditures include the expenses required to meet the ongoing operational costs of running a business.

Difference between them: Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period. Revenue expenditures are the ongoing operating expenses, which are short-term expenses used to run the daily business operations.

Nora:

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Capital Expenditures are when large assets are purchased and be utilized for a long period of time.

Revenue Expenditures are short term expenses used every day for business procedures

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Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period

Revenue expenditures are the ongoing operating expenses, which are short-term expenses used to run the daily business operations.

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Capital expenditures : is often used to undertake new projects or investments by a company.
revenue expenditure : cost that is charged to expense as soon as the cost is incurred .

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capital expenditure is used to obtain fixed assets for business and it can be extended for more than a year.

Revenue expenditure is spent to run business daily routine and its account is only for one year.

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Evaluate the difference between capital expenditure and revenue expenditure