Which of the following is not the limitation of financial analysis?

Monetary aspects are ignored

The correct answer is option 3- Monetary aspects are ignored.

Monetary aspects are not ignored, they are included in the analysis of financial statement.

Following are the limitation of financial statements-

1. Financial analysis does not consider price level changes.
2. Financial analysis may be misleading without the knowledge of the changes in accounting procedure followed by a firm.
3. Financial analysis is just a study of reports of the company.
4. Monetary information alone is considered in financial analysis while non-monetary aspects are ignored.
5. The financial statements are prepared on the basis of accounting concept, as such, it does not reflect the current position.