give the meaning of incomplete records?
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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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Explanation:
incomplete record refer to a situation in which an organisation is not using double- entry bookkeeping. instead, it is using using a more informal accounting system, such as a single-enter system to maintain or reduce amount of information about its financial results.
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