State any four uses of incomplete records to businessmen.

1.	State any four uses of incomplete records to businessmen.
Answer» Uses of Incomplete records: (i) This system is useful to the businessmen who do not have the proper knowledge of the accounting principles. (ii) It is an inexpensive mode of making records. (iii) It consumes less times. (iv) It is a convenient mode because only one aspect of transaction is recorded.

Answer»

Uses of Incomplete records:

(i) This system is useful to the businessmen who do not have the proper knowledge of the accounting principles.

(ii) It is an inexpensive mode of making records.

(iii) It consumes less times.

(iv) It is a convenient mode because only one aspect of transaction is recorded.

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State any four uses of incomplete records to businessmen.

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