Limitation of Accounting Concepts

FA – Nov 2011 – L1 – SA – Q2 – Accounting Concepts

This question tests the limitation of the money measurement concept in accounting.

Question

Which of the following is a limitation of the money measurement concept?
A. An efficient management is not disclosed
B. There is no basis for comparison
C. Inter-period comparison is impossible
D. It does not allow for choice of method
E. It does not allow for performance measurement

Answer

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Tags: Limitation of Accounting Concepts, Money Measurement Concept
Level: Level 1

Topic: Accounting Concepts
Series: NOV 2011

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FA – Nov 2011 – L1 – SA – Q2 – Accounting Concepts

This question tests the limitation of the money measurement concept in accounting.

FA – Nov 2011 – L1 – SA – Q2 – Accounting Concepts

This question tests the limitation of the money measurement concept in accounting.

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Question Tag: Limitation of Accounting Concepts

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FA – Nov 2011 – L1 – SA – Q2 – Accounting Concepts

This question tests the limitation of the money measurement concept in accounting.

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FA – Nov 2011 – L1 – SA – Q2 – Accounting Concepts

This question tests the limitation of the money measurement concept in accounting.

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