Question

give limitations of accountancy

Answer 1

The 8 limitations of accounting are;

• Recording only monetary items.
• Time value of money.
• Recommendation of alternative methods.
• Restrain of accounting principles.
• Recording of past events.
• Allocation of the problem.
• Maintaining secrecy.
• The tendency for secret reserves.

Answer 2

Answer:

Here's the answers

Explanation: