Which one of the following is not a limitation of accounting information?
A) Accounting information does not value the external effects of operations on the environment.
B) Accounting information does not value the skills and knowledge base of an entity.
C) Accounting information does not consider the quality of performance.
D) Accounting information does not include information whose costs outweigh the benefit of providing it.

Question

Quizplus · Accepted Answer

Accounting information typically excludes information whose costs outweigh the benefits of providing it, which is a principle rather than a limitation.

Which One of the Following Is Not a Limitation of Accounting