Question

what is the limitatiin of accounting​

Answer 1

Answer:

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:

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.

other limitations of accounting are;

• Recording only monetary items.
• Time value of money.
• Recommendation of alternative methods.
• Restrain of accounting principles.
• Recording of past events.
• Allocation of the problem.
• Maintaining secrecy.
• The tendency for secret reserves