Accountancy, asked by itsmanjitkaur2, 1 month ago

limitations of accounting in easy wording

Answers

Answered by ritamdutta03

0

Answer:

Financial Information is Incomplete and Inexact: ...

Qualitative Information is Ignored: ...

Financial Information is Mainly Historical in Nature: ...

Financial Information is Based on Accounting Concepts and Conventions: ...

Personal Judgments Influence Financial Statements

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