Which of the following are accounting limitations?
(i) Accounting system records only historical events.
(ii) Accounting ignores the effect of inflation on the value of fixed assets.
(iii) Accounting information does not include the costs of pollution and employee accidental injuries.

A

All of (i), (ii) and (iii)

B

None of (i), (ii) and (iii)

C

Only (ii) and (iii)

D

Only (i) and (ii)