Question

accounting records of business transactions and events which are of financial nature. Is this is a limitation of accounting​

Answer 1

Answer:

Yes it is a limitation of accounting as it ignores the qualitative aspects

Answer 2

Answer:

Yes , It is a limitation .

Explanation:

Yes, I consider It as a limitation of accounting. This is because , there are events that have a vital bearing on the profitability of the firm and such events are ignored . And , also it ignores the qualitative aspects.