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The source documents helps in verifying the financial statements and it also forms the basis that books of accounts are free from personal bias.
Going concern
Accrual concept
Objectivity concept
None of the above
The objectivity principle is the concept that the financial statements of an organization be based on solid evidence. The intent behind this principle is to keep the management and the accounting department of an entity from producing financial statements that are slanted by their opinions and biases.
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