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Which is not a limitation of accounting information

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Reference no: EM132761489

Problem 1. Which of these is not a limitation of accounting information?

A. The delay in providing reports to external users after the end of the financial period

B. The lack of accounting rules

C. The subjective nature of financial reports

D. The historical nature of the information

E. All of the above

Problem 2. A business which is a separate accounting entity can be a:

A. Sole trader.

B. Partnership.

C. Company.

D. Partnership and Company

E. All of the above are separate accounting entities.

Reference no: EM132761489

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