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Explain two limitations of accounting

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Explain two limitations of accounting

Posted by ?Rahul? ?Gusain? 7 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Sunil Sethi 7 years, 8 months ago

hii i am sunil read in class 11 in green bells public school live in shahdol. my answer incomplete unformation:- acconts statement provide only the incomplete information because the actual profit or loss oof a business can be know only when the business is closed down. (2):- Affected by window dressing :- window dressing refer to the practice of manipulting accounts, so that the financial statements may disclose a more favorable position than the actual position. ok.

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