Question

.. Financial accounting suffers from the following limitation:
(A) It provides only past data
(B) It is static in nature
(C) Either (a) or (b)
(D) Both (a) and (b) ​

Answer 1

Answer:

(D) both a and b I think this is the answer

Answer 2

Answer:

Answer  : D ( Both (a) and (b)

Explanation:

Limitations of Financial Accounting –

    1)  Provides Only Historical/ Past Data

    2) Static in Nature

    3) Fails to Control Cost

    4) Fails to Analyse Losses and

    5) a Few Others.