Accounting records are qualitative.There are some qualities of accounting records:-
Relevance: accounting records makes a difference in decision making
Reliability: this records is verifiable, factual, and neutral
Comparability: records can be used to compare different entities
Consistency: records is consistently presented from year to year
These qualities make accounting information understandable and useful for decision and reporting purposes: the goal of financial reporting is to provide useful information to current and potential investors, creditors, and other users of accounting information (e.g government, standard-setting bodies) to make investment, credit, and other decisions.