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What are the limitations of accounting?

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What are the limitations of accounting?

Posted by Shathish Kumar N 5 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Nikhil Raj 5 years, 10 months ago

1.Window Dressing 2.Not Exact Value 3.Unrealistic Information 4.Qualitative Aspects

Shalini N 5 years, 10 months ago

The limitation of accounting are: 1) Non financial informations are not recorded; and 2) It ignores price level changes.

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Posted by Anirudh Sarkar 1 year, 4 months ago

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