Question

what are the demerits of accoutancy?
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Answer 1

Answer:

Disadvantages of Accounting

Expresses Accounting information in terms of money.

Accounting information is based on estimates.

Accounting information may be biased.

Recording of Fixed assets at the original cost.

Manipulation of Accounts.

Money as a measurement unit changes in value.

Explanation:

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Answer 2

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• Expresses Accounting information in terms of money.

• Accounting information is based on estimates.

• Accounting information may be biased.

• Recording of Fixed assets at the original cost.

• Manipulation of Accounts.

• Money as a measurement unit changes in value.

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