Think about your bank statements or credit card statement and answer the following questions: (a) Is any

Think about your bank statements or credit card statement and answer the following questions:

Transcribed Image Text:

(a) Is any item insignificant or irrelevant? (b) Does the information help you make spending or borrowing decisions? (c) Is the information a faithful representation of your transactions? (d) Is the information timely enough to make spending or borrowing decisions to stop you inadvertently incurring additional costs? (e) Is the information prepared consistently so that you can compare it with corresponding information for previous periods? (f) Assuming the information is relevant, is it easy to understand? Yes No. 20000