Question

limitation of accounting​

Answer 1

Explanation:

Accounting often uses historical costs to measure the values. This fails to take into consideration factors such as inflation, price changes, etc. This skews the relevance of such accounting records and information. This is one of the major limitations of accounting.

Answer 2

$\huge\mathcal{\underline{\underline{\purple{ANSWER:-}}}}$

Measurability. 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.

нσρє ıт нєłρs yσυ

❥ʀɪʏᴀ