Accountancy, asked by layna4825, 10 months ago

Name two main account maintain from incomplete record

Answers

Answered by jdharuneshwar32
0

Answer:

Under the single entry system, a firm maintains only cash account and the accounts of the debtors and the creditors properly. It does not maintain the accounts of expenses, incomes, assets, and liabilities properly. Hence, as the information provided by these records is incomplete, they are known as Incomplete Records.

Explanation:

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