After the general balance-related objectives are understood, specific objectives for each account balance on the financial statements can be developed.Which one of the following statements is true?
A) There will be only one specific objective for each relevant general objective.
B) There must be two specific objectives for each general objective.
C) There will be many specific objectives developed for each relevant general objective.
D) There should be at least one specific objective for each relevant general objective.

Question

Quizplus · Accepted Answer

The statement "There should be at least one specific objective for each relevant general objective" is the correct one. It implies that there may be more than one specific objective for each relevant general objective, but there must be at least one specific objective. The other options are either too restrictive or incorrect.

After the General Balance-Related Objectives Are Understood, Specific Objectives for Each