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Unit 6 Financial Accounting
Found 1 free book(s)Unit 1 Introduction to Financial Accounting
iicseonline.org1.6 Limitations of Financial Accounting One of the major limitations of financial accounting is that it does not take into account the non-monetary facts of the business like the competition in the market, change in the value for money etc. The following limitations of financial accounting have led to the development of cost accounting: 1.