Question

Accounting of transactions should be free

from personal bias because of

a) Verifiable objective

b) Cost or historical cost principle

c) Consistency principle.

d) Materiality principle

iv) The cost of a small calculator is accounts​

Answer 1

Answer:

The objectivity concept requires that accounting transaction should be free from the bias of accountants and others.

This principle states that accounts should be prepared independently of biases and subjective methods.

This can be possible when each of the transaction is supported by verifiable documents or vouchers.

Hope it helps you !!!