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Accounting provides information about the profitability …

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Accounting provides information about the profitability and financial soundness of a concern. It provides various other valuable and information also. However, accounting has certain limitations? Explain the limitation which is concerned with the manipulation of accounts.

Posted by Arshpreet Kaur 7 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Neha _ 7 years, 2 months ago

Window Dressing -- Window dressing refers to the practice of manipulating accounts so that financial statement may disclose more favourable position . For eg purchase made at the end of year may not recorded , Closing stock may be overvaued etc

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