The accounting concept that provides that accounting statements should not be influenced by personal opinion is

The accounting concept that provides that accounting statements should not be influenced by personal opinion is objectivity. Objectivity in accounting means that financial statements should be based on verifiable and objective evidence, rather than personal opinions or biases. This requires accountants to use reliable and objective data in the preparation of financial statements, and to avoid subjective interpretations or estimates. For example, if a company purchases a new building, the cost of the building should be recorded at the actual purchase price, rather than at a subjective estimate of its value. This ensures that the financial statements are accurate and reliable, and can be used by stakeholders to make informed decisions. In summary, the principle of objectivity in accounting requires that financial statements should be based on objective evidence, not influenced by personal opinions, and provide a true and fair representation of the financial position and performance of an organization.