Explain the special features of accounts from incomplete records.

1.	Explain the special features of accounts from incomplete records.
Answer» Special features of accounts from incomplete records are: • Both the aspect of each and every transactions are not recorded. • Under this system all kinds of accounts are maintained. • It is simple and easy method of book keeping. • It is less costly. • It is not very supportive to find out exact profit of the business concern. • Not possible to find out correct profit or loss of a concern.

Answer»

Special features of accounts from incomplete records are:

• Both the aspect of each and every transactions are not recorded.

• Under this system all kinds of accounts are maintained.

• It is simple and easy method of book keeping.

• It is less costly.

• It is not very supportive to find out exact profit of the business concern.

• Not possible to find out correct profit or loss of a concern.

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