Question

Which of the following is not the limitation of accounting

Answer 1

Answer:

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where's the followings..

Limitations of Accounting are:

• Accounting is historical in nature
• it provides information as a whole .It fails to provide information product wise, activity wise.etc
• it records only quantitative information. qualitative informations are ignore
• Accounting records only actual cost figures ,the real value may vary from time to time.
• Use of different accounting methods reduces the reliability of accounts.

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