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What are the limitation of accounting

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What are the limitation of accounting

Posted by Zainab Malik 8 years, 1 month ago

CBSE > Class 11 > Accountancy

1 answers

Riya Lubana 8 years, 1 month ago

1.historical cost: In accounting goods are shown in the value which they are purchased nd not the market value which hinders the valuation of business. 2.Alternative methods prevailed:as u know that there r various metods in doing a single task which hinders comparisons

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