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One Of The Limitations Of Accounting Is That? - Erudites Academy

One of the limitations of accounting is that?

by | Jan 10 | Accounting WAEC | 0 comments

A. it ascertain financial position
B. it prevents fraud
C. transactions are recorded in monetary terms
D. it monitors the progress of the enterprise

Correct Answer: Option C

C. transactions are recorded in monetary terms

Explanation

In accounting, all transactions are recorded in monetary terms. There is no other terms of recording transactions except monetary.

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