Anil posted an Question
February 07, 2021 • 14:45 pm 2 points
  • UGC NET
  • Commerce

Incomplete record mechanism of book keeping is a scientific b unscientific -correct answer- c unsystematic your answer d both (6) and ©

Incomplete record mechanism of book keeping is A Scientific B Unscientific -Correct Answer- C Unsystematic Your Answer D Both (6) and ©

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  • Durgesh rawat best-answer

    Book keeping is an unsystematic method of recording transactions.It is observed, that many businessmen keep incomplete records because of the following reasons :  (a) This system can be adopted by people who do not have the proper knowledge of accounting principles;  (b) It is an inexpensive mode of maintaining records Incomplete records refers to a situation in which an organization is not using double-entry bookkeeping. Instead, it is using a more informal accounting system, such as a single-entry system, to maintain a reduced amount of information about its financial results

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