There are a few
limitations of Accounting Standards as well. The regulatory bodies keep
updating the standards to restrict these limitations.
1) When there are alternative of many accounting
treatment, choice of best alternative generally become difficult.
2)Standards are rigid not flexible for applying accounting treatment.
3)Standards cannot override statute. It has to follow requirement of statute.
Join COC Education, We provided best
video classes for CA/CMA/CS/Class 11th & 12th/ B.com/M.com
Contact us on- 9999631597,
Visit YouTube Channel http://www.youtube.com/channel/UCzqqr31HSE-B4HcM1Cw4RiQ?sub_confirmation=1
Click Now for Demo Video https://www.coceducation.com/free-lectures
Join WhatsApp group for your domain course http://whatsapp.conceptonlineclasses.com/
ENROLLED WITH US TODAY AND ENLIGHTEN YOUR CAREER!!!