Accountancy, asked by srivastavaanju108, 5 months ago

Define the term Accounting. Explain only two limitations of Accounting.
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Answers

Answered by darshan8920
1

Answer:

Accounting Ignores the Effect of Price Level Changes. Accounting Ignores the Qualitative Elements. Accounting is not Fully Exact. Accounting May Lead to Window Dressing: business transactions.

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