A possible limitation of accounting information is that accounting information:
A) can only be used by bankers.
B) is relevant depending on the needs of users.
C) does not report in money terms.
D) relates to past information.

Question

Quizplus · Accepted Answer

Accounting information typically relates to past transactions and events, which may not reflect current or future conditions. While accounting information can be useful for decision-making, it should be used in conjunction with other types of information to provide a complete picture. Additionally, accounting information may not capture intangible assets or non-financial information, which can also impact decision-making.

A Possible Limitation of Accounting Information Is That Accounting Information