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Wednesday, 08 April 2026
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One of the limitations of accounting is that

One of the limitations of accounting is that
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A It ascertain financial position
  • B It prevent fraud
  • C Transactions are recorded in monetary terms
  • D It monitor the progress of the enterprise
Correct Answer: Option C
Explanation:
In accounting, all transactions are recorded in monetary terms. There is no other terms of recording transactions except monetary.

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