give the meaning of incomplete record one mark question????
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The firms that do not keep their accounting books as per this system follow the single entry system. ... It does not maintain the accounts of expenses, incomes, assets, and liabilities properly. Hence, as the information provided by these records is incomplete, they are known as Incomplete Records.
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Explanation:
Incomplete records refers to a situation in which an organization is not using double-entry bookkeeping. In
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