Question: * * Objective Question: * * In accounting, why are the principles of Objectivity and Neutrality important, and how do they contribute to the reliability
Objective Question:
In accounting, why are the principles of Objectivity and Neutrality important, and how do they contribute to the reliability and impartiality of financial information presented to stakeholders?
Choices:
A By allowing subjective judgments and biases to influence financial reporting.
B By ensuring that financial information is prepared based on factual evidence and without bias.
C By prioritizing the interests of management over those of external stakeholders.
D By disregarding the need for transparency and accuracy in financial reporting.
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