Accountancy, asked by punjabijatti02, 9 months ago

what are the limitations for accounting?

Answers

Answered by sukulcharan22

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 .

Answered by suggulachandravarshi

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..

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