Accountancy, asked by thakurdasjeswani123, 1 year ago

Name the two main accounts maintained in 'Accounts from incomplete records'.

Answers

Answered by rahul0067
6
The features of incomplete records are as under :
(a) It is an unsystematic method of recording transactions.
(b) Generally, records for cash transactions and personal accounts are properly maintained and there is no information regarding revenue and/ or gains, expenses and/or losses, assets and liabilities.
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