Question

what is limitations accounting​

Answer 1

Limitations of Accounting: Measurability, Lack of Future ... - Toppr 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.

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Answer 2

Answer:

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☛what is limitations accounting

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╭☞The main limitations of accountancy and financial statements fall into the following categories:

☛Accounting policies.

☛Estimates.

☛Professional judgement.

☛Verifiability.

☛Using historical costing.

☛Measurability.

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☛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.

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☛l hope it's help you

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