Question

explain the limitations of accounting​

Answer 1

Explanation:

One of the biggest limitations of accounting is that it cannot measure things/events that do not have a monetary value. If a certain factor, no matter how important, cannot be expressed in money it finds no place in accounting.

Answer 2

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ᴏɴᴇ ᴏꜰ ᴛʜᴇ ʙɪɢɢᴇꜱᴛ ʟɪᴍɪᴛᴀᴛɪᴏɴꜱ ᴏꜰ ᴀᴄᴄᴏᴜɴᴛɪɴɢ ɪꜱ ᴛʜᴀᴛ ɪᴛ ᴄᴀɴɴᴏᴛ ᴍᴇᴀꜱᴜʀᴇ ᴛʜɪɴɢꜱ/ᴇᴠᴇɴᴛꜱ ᴛʜᴀᴛ ᴅᴏ ɴᴏᴛ ʜᴀᴠᴇ ᴀ ᴍᴏɴᴇᴛᴀʀʏ ᴠᴀʟᴜᴇ. ɪꜰ ᴀ ᴄᴇʀᴛᴀɪɴ ꜰᴀᴄᴛᴏʀ, ɴᴏ ᴍᴀᴛᴛᴇʀ ʜᴏᴡ ɪᴍᴘᴏʀᴛᴀɴᴛ, ᴄᴀɴɴᴏᴛ ʙᴇ ᴇxᴘʀᴇꜱꜱᴇᴅ ɪɴ ᴍᴏɴᴇʏ ɪᴛ ꜰɪɴᴅꜱ ɴᴏ ᴘʟᴀᴄᴇ ɪɴ ᴀᴄᴄᴏᴜɴᴛɪɴɢ.

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