Incomplete Entry is another name for
(a) Double Entry System
(b) Single Entry System
(c) Cash System
(d) Mahajani System
Answers
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0
Answer:
(b) Single Entry System is another name for incomplete entry
Answered by
0
Answer:
(b) Single Entry System
Explanation:
Incomplete Entry is another name for Single Entry System.
Incomplete records refers to a situation where book keeping is not used by an entity. A more unofficial accounting system is used, such as the one-entry system or single entry, to hold a small amount of information on its financial results.
Single entry is an incomplete form of financial transaction reporting. It is the system that does not record two aspects of all financial transactions or accounts. It is the process that does not have a fixed set of rules to monitor the company's financial transactions.
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