what do you mean by financial accounting.explain the four main limitations of financial accounting?
Answers
Answered by
1
Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business. ... The following are all limitations of financial statements: Dependence on historical costs. Transactions are initially recorded at their cost.
Hope it help you..☺
Answered by
2
Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business. ... The following are all limitations of financial statements: Dependence on historical costs. Transactions are initially recorded at their cost.
Hope it help you ☺
Similar questions