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Is accounting records transactions and events …

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Is accounting records transactions and events that can be measured in terms of money and limitation of accounting or an advantage give reasons

Posted by Aditri Bang 6 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Lovely Dhawan 6 years, 10 months ago

It is a limitation because there are certain important events n things n qualitative charcterstics like comparability n reliability which plays an important roke in accounting n these events are ignored...

Harsh Panchal 6 years, 10 months ago

In accounting records only cash transactions that can be measured in terms of money is the limitation for an accountimg because it ignores the qualitative elements.

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