Limitations of financial statements include: they can be biased (A), they present aggregate information lacking detail (C), and they are only interim reports not final (D). Options B and E are advantages/uses, not limitations.
Identify the limitations of financial statements : A. Can be biased B. Report on stewardship function C. Aggregate information D. Only interim…
CUET UG 2022 — Accountancy Financial Statements
2022mcqmedium
Identify the limitations of financial statements :
A. Can be biased
B. Report on stewardship function
C. Aggregate information
D. Only interim reports
E. Basis of fiscal policies
Choose the correct answer from the options given below:
Official previous-year question
Held on 30 Aug 2022 · Verified 13 Jul 2026.
Options
- A
A, C, B only
- B
A, C, D only
- C
E, A, D only
- D
B, A, C only
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