answersLogoWhite

0


Best Answer

one of the most limitation of accounting is measurement by historical cost

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the limitation of accounting?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Limitation of computerized accounting?

One limitation of computerized accounting is that some errors can go undetected. A human mind has better judgment as to what is sensible and prudent in accounting.


Limitation of accounting rate of return?

outline four limitation of the accounting rate of return method of appraising new investment.


Alternatives to overcome the limitation of financial accounting?

what are the alternatives to overcome the limitations of financial accounting


Limitation of accounting information?

The limitations of accounting information Despite the usefulness of accounting information, there are some limitations: 1. An accountin


What are the limitation of accounting?

The limitations of accounting are the following: Accounting estimates, professional judgment, verifiability, measurability, limited predictive value, fraud and error. Measurability is limitation due to all entries in accounting record must have a monetary value, and so there is no accounting measure of goodwill or workforce competence.


Limitation of accounting information system?

i can't i want ans wer


Computerized accounting system as an aid to efficient management of an organization?

1.6 scope and limitation of the study:


What are the limitation of accounting concepts and conventions?

Could you imagine your question? i am asking question and you are still asking the same question back as if you will give me money if i answer the question


What are the limitation of the computerised accounting system?

the limitation of the computerized accounting system is the financial date, it's because th


What is a limitation of Hans Selye's work on stressAsk us anything?

A limitation of Hans Selye's work on stress is that it primarily focused on the physiological aspects of stress, neglecting the psychological and emotional components. Additionally, his theories have been criticized for oversimplifying the stress response and not accounting for individual differences in how people perceive and cope with stress.


What accounting software does a accounting advisor use?

It generally relies according to their preference. Most of them prefer to use Quickbooks, etc. But it seems that the software is supposed to have certain limitation with the use of specific features. There are many other reliable accounting software that are free from accounting jargon say Handdy Jotbook, etc.This software lets the accountants and the non-accountants to make over their bookkeeping and other financial tasks to be even more flexible at free of cost.Quickbooks is one of the best software, which is very useful to perform accounting operatons quickly and easily. Wings Infonet offers good software services for accounting.


What are the limitation of tally?

what are Talley's limitation.