Question:
Generally, incomplete records are maintained by______.
Generally, incomplete records are maintained by______.
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Incomplete records are commonly used by small businesses with limited transactions.
Updated On: Dec 18, 2024
- Trader
- Society
- Company
- Government
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The Correct Option is A
Solution and Explanation
Incomplete records (also called single-entry accounting) are generally maintained by small traders or individuals who do not follow double-entry accounting due to simplicity and cost constraints.
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