Accountancy, asked by shariksir, 11 months ago

limitations of accounting

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Answered by palak5354

6

Explanation:

Verifiability- An audit provides reasonable but not absolute guarantees of the accuracy of the financial statements. Even in audits there are limitations inherent in the process. Using historical cost- Using historical cost to measure assets fails to account for changes in values over time.

Answered by aditi346454

4

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