Question

Generally incompleted records are maintained by ________. (Fill in the blank by choosing correct option)
(a) trader
(b) company
(c) society
(d) government

Answer 1

D. government

generally incomplete records are maintained by government

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Answer 2

Answer:

trader

Explanation:

As per the question

For many small business, they do not maintain a full set of double - entry books.

All they keep are just invoices and bank statement

The preparation of the profit and loss account and balance sheet in circumstances where the bookkeeping records are inadequate or incomplete

when some accounting system is missing.

There are ind equates record kept by the business owner