Question

limatations of accounting ​

Answer 1

Answer:

Limitations of Accounting

• Measurability. One of the biggest limitations of accounting is that it cannot measure things/events that do not have a monetary value. ...
• No Future Assesment. ...
• Historical Costs. ...
• Accounting Policies. ...
• Estimates. ...
• Verifiability. ...
• Errors and Frauds.

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Answer 2

Limitations of Accounting:-

• Measurability:

One of the biggest limitations of accounting. It cannot measure things/events that do not have a monetary value.

• No Future Assesment.

• Historical Costs.

• Accounting Policies.

• Estimates.

• Verifiability.

• Error and frauds.

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