Answered: TRUE or FALSE Accounting records and…

TRUE or FALSE Accounting records and statements are based on the most reliable data available so that they will be as accurate and as useful as possible. This is called objectivity principle.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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TRUE or FALSE Accounting records and statements are based on the most reliable data available so that they will be as accurate and as useful as possible. This is called objectivity principle.

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