Rationale for Correct Answer:This is False. Accounting is based on the objectivity principle, requiring that records and financial information be supported by objective, verifiable evidence (e.g., invoices, contracts, receipts). Subjective evidence would undermine reliability.
Analysis of Incorrect Options:
A. True – Incorrect, as subjectivity is discouraged in accounting.
B. False – Correct, since accounting relies on objective documentation.
Chosen Answer:
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