Missing items could be found from total debtors
Answers
Answered by
0
Answer:
In case of incomplete records the dual concept of accounting is not followed. Therefore, in order to prepare the financial statements for a particular period all the incomplete records should be completed by preparing various accounts. Since the credit sales are recorded in the debtors account, preparation of debtors account is very essential to determine the amount of total credit sales.
Similar questions
Computer Science,
3 months ago
Math,
3 months ago
Math,
7 months ago
Computer Science,
1 year ago
English,
1 year ago