Question

Limitations of
accounting​

Answer 1

Explanation:

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.

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Answer 2

Answer:

8Practical Limitations of Accounting Principles

• 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.

Explanation:

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