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Down sides Of Accounting A number of the shortcomings of accounting are: Fails to carry The entire picture - Economic accounting deals with the quantitative factors instead of the qualitative factors. It deals only While using the things to do of financial values, the non-financial things to do like the quality of items and labour relations get disregarded. Fails to indicate realisable value - Accounting helps to take care of the stability sheet, but it doesn't exhibit the quantity of money the organization realises through the sale of property.
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