Question

Mention the 5 limitation of accounting principles​

Answer 1

Answer:

Recording only monetary items.

Time value of money.

Recommendation of alternative methods.

Restrain of accounting principles.

Recording of past events.

Answer 2

Explanation:

1 recordingg only monetary answers

recordingg only monetary answers 2 understanding the value of money

recordingg only monetary answers 2 understanding the value of money3recommendation of alternating methods 4 restrains of accounting principles

recordingg only monetary answers 2 understanding the value of money3recommendation of alternating methods 4 restrains of accounting principles5 allocation of problems

recordingg only monetary answers 2 understanding the value of money3recommendation of alternating methods 4 restrains of accounting principles5 allocation of problems6 recording of past events

recordingg only monetary answers 2 understanding the value of money3recommendation of alternating methods 4 restrains of accounting principles5 allocation of problems6 recording of past events7 arithmetic brain