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Accounting records are designed to be kept on subjective rather than objective evidence.
Suggested Answer: B
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12 comments · newest first
GO
Goldie
2 months ago
But some say subjective can provide context. Still, I lean towards B.
RO
Rosalind
2 months ago
Agreed, Alex. Objective evidence is crucial for accuracy.
BE
Becky
2 months ago
I think it's B) False. Records should be objective.
ES
Estrella
3 months ago
Objective evidence is key for accuracy!
TA
Tammy
3 months ago
True, but only in some contexts, right?
VI
Vincent
3 months ago
Wait, are we sure about that? Sounds off.
AV
Avery
3 months ago
I agree, subjective evidence can lead to errors.
BE
Beckie
3 months ago
Definitely false, records should be objective.
IN
India
3 months ago
I could be wrong, but I feel like subjective evidence could lead to inconsistencies, so I think it’s definitely B.
TY
Tyisha
4 months ago
This reminds me of a practice question we did on the importance of objective data in financial reporting. I’d go with B.
KE
Kerrie
4 months ago
I'm not entirely sure, but I remember something about subjective evidence being less reliable in accounting.
AN
Annelle
4 months ago
I think the answer is B) False because accounting relies on objective evidence like receipts and invoices.