In the following question, there is a sentence which is divided into four parts. Choose the fragment that carries an error (if any). Ignore punctuation errors if any.
In case an informal system is used, / either a transfer, an informal warning / or a non-hierarchical but status demotion / are the remedies to correct indiscipline.
Accounting provides information about the profitability and financial soundness of a concern. In addition,it provides other valuable information also. However,accounting has certain limitations. Explain any three such limitations.