The_______concept requires that accounting transaction should be free from the bias of accountants and others.

Recognition

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Objectivity

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Historical cost

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Materiality

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Solution

The correct option is B Objectivity
The objectivity concept requires that accounting transaction should be free from the bias of accountants and others.
This principle states that accounts should be prepared independently of biases and subjective methods.
This can be possible when each of the transaction is supported by verifiable documents or vouchers.

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