Question

Which of the following is a limitation of accounting?
(a) Assistance to Management (b) Replaces Memory
(c) Unrealistic Information (d) Evidence in Court

Answer 1

Explanation:

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:

(B)

Explanation:

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