the verifiable objective evidence concept envisages the recording of all accounting transactions
A
Supported by verification by auditors
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B
Supported by object perception
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C
Supported by the objective clause in the memorandum of association
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D
Supported by invoices, correspondence, vouchers and business documents
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Solution
The correct option is D Supported by invoices, correspondence, vouchers and business documents The verifiable objective evidence concept states that all the transactions should be supported by invoices, correspondence, vouchers and business documents