Limitation of the financial accounting, accounting, Basic Statistics

Assignment Help:

Limitation of the Financial Accounting.

There much limitation can be considered in case of the Financial Accounting but here we are discussing the main two limitations

 It records only financial transaction, it is limited to the financial transaction only, and for example other things which are not having any money value are not recorded in the books of accounts.

 Estimation Limitation: Accounting doesn’t produce the exact result due to sometime few transaction contains the estimation for example Depreciation on estimated life of the assets and bad debts provisions etc. 

Unique solution in accounting


Related Discussions:- Limitation of the financial accounting, accounting

Construct simulation model-estimate the probability, CBT has agreed to fina...

CBT has agreed to finance the needs of a stereo wholesaler for the next month. To complete the loan agreement, the wholesaler must estimate the cash on hand during the first 90 day

Quartile deviation, find quartile deviation from the student test marks of ...

find quartile deviation from the student test marks of your own

Estimate the expected monetary value, 3DP, a Luxembourg-based company plans...

3DP, a Luxembourg-based company plans to develop and sell highly specialized 3D printers. The cost of product development is estimated at EUR 50,000.-, irrespective of whether or n

Energy, describe uses of energy

describe uses of energy

Magnetic susceptibility experiment, . Good day, Using 4-inch pole caps and ...

. Good day, Using 4-inch pole caps and a Mettler M5 balance, I got all the values required in order to calculate the magnetic susceptibility of several inorganic compounds such as

What are the decision variables, Question 1 Water resources in many pa...

Question 1 Water resources in many parts of Australia are being closely watched and restrictions have been imposed on activities such as garden watering. Suppose that SA Water

What is her apc, The life-cycle hypothesis is based on the assumption that ...

The life-cycle hypothesis is based on the assumption that people try to smooth their consumption over their expected adult lifetimes.  Suppose Tammy expects to live for another T y

Corporate B onds/Preffered Stocks, If an exact answer isn''t possible, I re...

If an exact answer isn''t possible, I really just need a guide. The company we are using is GameStop Corp, listed as GME on the NYSE. Using the supplied information and referring

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd