Accountancy, asked by Anonymous, 5 months ago

mention Some limitations of accountancy

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Answered by palabhindala

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Answered by IISLEEPINGBEAUTYII

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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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