Relevance is the concept that the information generated by an accounting system should impact the decision-making of someone perusing the information. The concept can involve the content of the information and/or its timeliness, both of which can impact decision making.
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Answer:
• Information which is available at the right time for the right purpose will be considered as relevant.
•Such accounting information helps the users in predicting the exact outcomes for the business and also for confirming the evaluations made