Business Studies, asked by Harshsindhi, 7 months ago

Briefly explain the limitations of financial
statements,

Answers

Answered by anantparmaraashu

3

Answer:

The following points highlight the five major limitations of financial statements, i.e, (1) Only Interim Reports,
(2) Do not Give Exact Position
(3) Historical Costs,
(4) Impact of Non-Monetary Factors Ignored, and
(5) No precision.

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