Question

what are the limitations for accounting?​

Answer 1

Answer:

Measurbility . One of the biggest limitations of accounting is that it cannot measure things/events that do not have a monetary value . If a certain factor , no matter how important , cannot be expressed in money it finds no place in accounting .

Answer 2

Answer:

Limitations of Accounting..

• 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.

Hope it helps..