Explain the disadvantages of "Accounting equation".
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Disadvantages of Accounting
Expresses Accounting information in terms of money.
Accounting information is based on estimates.
Accounting information may be biased.
Recording of Fixed assets at the original cost.
Manipulation of Accounts.
Money as a measurement unit changes in value.
Answered by
1
Answer:
Disadvantages of Accounting
Expresses Accounting information in terms of money.
Accounting information is based on estimates.
Accounting information may be biased.
Recording of Fixed assets at the original cost.
Manipulation of Accounts.
Money as a measurement unit changes in value.
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