Which of the Following Is NOT an Objective of the Accounting

question 41

Multiple Choice

Which of the following is NOT an objective of the accounting system?

• A) Make sure a company only records profitable transactions
• B) Make sure a company only records valid transactions
• C) Make sure a company values transactions properly
• D) Make sure a company records transactions in the proper time period

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Definitions:

Positive

Refers to emotions, attitudes, or occurrences that are optimistic or beneficial in nature.

Anti-positivistic

A stance or approach in social science that criticizes or rejects the positivist belief in empirically observable, quantifiable facts and the notion that knowledge should only be derived from sensory experience.

Positivistic

Pertaining to positivism, a philosophy that advocates for the empirical and scientific approach to knowledge, emphasizing observable, objective facts.

Value Judgment

entails assessing the worth or value of something based on personal or societal standards, often incorporating ethical or moral considerations.