WHAT ARE LIMITATIONS OF ACCOUNTS ?
- 2 Answers
- 4930 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sarata kumar swain (godhan,ken
like advanstages all things have some of limitations so
accounts having some of limitations that it is historical
in nature ,unable to give actual result but gives
estimated, it takes provissions , unable to make decission
making, takes time to give result of a finacial year,unable
to detect current pogion in the market when the invester
need, having no link with costing and management account.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / manojs
1. historical in nature
2.only monetary terms are taken
3. ignores changes in the money value during
inflations
4.estimates are made
| Is This Answer Correct ? | 1 Yes | 0 No |
If Bank OD In Balance Sheet Which Site Showing?
How to adjust payment transfer amount one party to another party in Tally?
Is advance paid wages has credit balance?
i was asked to journalise nominal accounts please give me the answer with examples so dat its easy for me 2 understand
what is cost of goods sold?
honararium for the month of march 2013 can be paid on 31 mar 2013
What is the journal entry for Stale Cheque?
6 Answers College School Exams Tests, TATA,
What is Fringe benifits tax?
If I am forget to deposit TDS of An Party than what's the procedure to rectify it, Please mention in detail?
what is the role of journal in accounts
Whats the difference between accounting concepts and conventions?
Is a purchase return revenue?
Audit 
