Question

what is the limitation 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

Explanation:

• Accounting is not fully exact .
• Accounting does not fully indicate the Realisable Value .
• Accounting ignores Qualitative Element .
• Accounting ignores the Effect of Price Level Changes .
• Accounting may lead to Window Dressing .

Mark me as brainlist