Everything you need to know about the limitations of cost accounting. Despite the fact that the development of cost accounting in one of the most significant steps to improve performance, certain objections are raised against its introduction. There are also objections raised by businessmen against the introduction of cost accounting. Sometimes certain objections are raised against cost accounting system and [...]
Everything you need to know about the limitations of financial accounting. Financial Accounting is the father of accounting system. Cost Accounting is a branch of accounting and has been developed due to the limitations of financial accounting. Financial Accounting gives general information about the major functions of the business such as finance, administration, production and distribution. Financial accounting aims at [...]
In this article we will discuss about the limitations of double tax treaties. (i) The other Contracting State does not exercise its allocated rights to tax under a treaty, or (ii) A tax treaty gives the State the right to tax, but no tax is due under its domestic law. Only the domestic tax law in each country has the [...]