Accountancy, asked by akanksha8612, 7 months ago

Any 3 limitations of accounting?

Answers

Answered by 182017

1

Answer:

Limitations of Accounting

Measurability. One of the biggest limitations of accounting is that it cannot measure things/events that do not have a monetary value. ...

No Future Assesment. ...

Historical Costs. ...

Accounting Policies. ...

Estimates. ...

Verifiability. ...

Errors and Frauds.

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Answered by mmanjeetkaurin

7

Answer:

Limitations of Accounting

Measurability. One of the biggest limitations of accounting is that it cannot measure things/events that do not have a monetary value. ...
No Future Assesment. ...
Historical Costs. ...
Accounting Policies. ...
Estimates. ...
Verifiability. ...
Errors and Frauds.

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