Accounting provides information about the profitability and financial soundness of the
concern. In addition, it provides various other valuable information also. However,
accounting has certain limitations. Explain any three of such limitations.
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the biggest limitation is that it cannot measure events/ things which are not of monetary value.
under the accounting system, money value is taken constantly and treated...it becomes a problem because money value can increase our decrease due to inflation or deflation.
there are more....but these two are here now, more is available on the internet✌️
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