Business Studies, asked by sonali2853, 6 months ago

Give limitations of accounting

Answers

Answered by thakurveeru453

Explanation:

1.Time value of money.

2.Recording only monetary items.

3.Recording of past events.

4.Maintaining secrecy.

Hope this helps you

Answered by Anonymous

Answer:Here is your answer

Some of the advantages of accounting are Maintenance of business records, Preparation of financial statements, Comparison of results, Decision making, Evidence in legal matters, Provides information to related parties. Let us discuss the advantages and disadvantages of accounting in greater detail.

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