"Financial Information should be neutral & unbiased, this comes under which concept?

Generally Accepted Accounting Principles

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Completeness concept

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Duality Concept

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Objectivity Concept

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Solution

The correct option is D
Objectivity Concept

The objectivity concept states that accounting information and financial reporting should be independent and supported with unbiased evidence.

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"The accounting concepts and accounting standards are generally referred to as the essence of financial accounting." Comment.

According to accrual concept of accounting, financial or business transaction is recorded:

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