WAEC Accounting 2017 Objective — Question 15
Question 15 of 50 from the West African Examinations Council (WAEC) Accounting 2017 Objective paper, with the correct answer and a full explanation.
Advertisement
15. The accounting concept that provides that accounting statements should not be influenced by personal opinion is
- A. A. materiality
- B. B. periodicity
- C. C. objectivityCorrect
- D. D. conservatism
Explanation
Objectivity states that accounts should be prepared based on available information and not based on personal opinion.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.