Question

There are two accountants Siddhant and Nidan. Siddhant is of the view that

accounting has only advantages; while Nidan agrees with him that accounting

has many advantages but it has some limitations also. State any four

limitations of accounting in support of Nidan.

Answer 1

1. ignore qualitative elements lile manpower.
2.leads to widow dressing.
3. ignore price level changes.
4. not free from bias.