Which of the Following Is a Criticism of the Double-Entry

question 21

Multiple Choice

Which of the following is a criticism of the double-entry financial accounting system?

• A) Its general inability to take social and environmental consequences of a reporting entity's existence into account
• B) Its use of a system of debts and credits to account for increases and decreases, instead of positive and negative numbers
• C) Its initial development in a generally unregulated environment has resulted in a lack of uniformity and comparability
• D) All of the given options are correct

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Definitions:

Objectivity

The assumption that we can observe and study the physical world without any observer bias.

Precise Language

The use of clear, accurate, and specific words to communicate effectively.

Biases

Prejudices or predispositions toward one side of a subject or issue.

Phenomena

Observable events or occurrences that can be studied scientifically or understood through analysis.