1.

Mention any two features of incomplete records:

Answer»

(i) Nature: 

It is an unscientific and unsystematic way of recording transactions. Accounting principles and accounting standards are not followed properly. 

(ii) Lack of uniformity: 

There is no uniformity in recording the transactions among different organizations. Different organizations record their transactions according to their needs and conveniences.



Discussion

No Comment Found

Related InterviewSolutions