1.

Write the Advantage / Merits of incomplete records system.

Answer»

The important uses/merits of incomplete records are:

1. It is a simple and easy method of book – keeping. 

2. It is less costly, because only few books of accounts are maintained. 

3. Only personal and cash accounts are main trained. 

4. It is suitable for small business concern. 

5. Accounting knowledge is not much required



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