Question

what do you mean by account from incomplete records
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Answer 1

Here is the answer..

Incomplete records refers to a situation in which an organization is not using double-entry bookkeeping. Instead, it is using a more informal accounting system, such as a single-entry system, to maintain a reduced amount of information about its financial results.

Reasons for incomplete records...

i) Improper Knowledge:

i) Improper Knowledge:(ii) Inexpensive:

i) Improper Knowledge:(ii) Inexpensive:(iii) Time Saving:

i) Improper Knowledge:(ii) Inexpensive:(iii) Time Saving:(iv) Convenient and Need Based:

i) Improper Knowledge:(ii) Inexpensive:(iii) Time Saving:(iv) Convenient and Need Based:(i) Unsystematic Method:

i) Improper Knowledge:(ii) Inexpensive:(iii) Time Saving:(iv) Convenient and Need Based:(i) Unsystematic Method:(ii) Mixed System for Recording Business Transactions:

i) Improper Knowledge:(ii) Inexpensive:(iii) Time Saving:(iv) Convenient and Need Based:(i) Unsystematic Method:(ii) Mixed System for Recording Business Transactions:(iii) Lack of Uniformity:

i) Improper Knowledge:(ii) Inexpensive:(iii) Time Saving:(iv) Convenient and Need Based:(i) Unsystematic Method:(ii) Mixed System for Recording Business Transactions:(iii) Lack of Uniformity:(iv) Personal Transactions are Mixed up with Business Transactions

HOPE IT HELPS. U