Write the Advantage / Merits of incomplete’records system.

1.	Write the Advantage / Merits of incomplete’records system.
Answer» The important uses/merits of incomplete records are: • It is a simple and easy method of book – keeping. • It is less costly, because only few books of accounts are maintained. • Only personal and cash accounts are main trained. • It is suitable for small business concern. • Accounting knowledge is not much required

Answer»

The important uses/merits of incomplete records are:

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

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

• Only personal and cash accounts are main trained.

• It is suitable for small business concern.

• Accounting knowledge is not much required

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