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10 March, 2022

Give limitation of management Accounting

Ans. The main limitations are as follows:-

1. It is based on historical data.

2. Not an alternative to administration.

3. Lack of knowledge of Related Subjects.

4. Lack of continuity in efforts.

5. Effect of human factor.

6. Lack of Objectivity.

7. Costly installation.

8. Evolutionary stage.

9. Effect of time factor.

10. Psychological resistance.