Question

incomplete records is not adopted by?

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Answer 1

Answer:

Single Entry System of Accounting, also known as Accounting from Incomplete Records, is a non-standard and non-scientific system of accounting. This system is adopted by small businessmen as they do not have enough capital and expertise to employ the standard double entry system of accounting in their business.

Answer 2

Incomplete records is not adopted by double entry system

• Accounting from Incomplete documents, is referred to as the single entry accounting method.
• It is an unquantifiable and unscientific accounting system generally employed by small businesses.
• Small business owners use this system because they lack the resources and experience to use the conventional double entry accounting system in their operations.