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Chapter: 12th Accountancy : Accounts from Incomplete Records

Accounts from Incomplete Records | Accountancy | Study Material, Lecturing Notes, Assignment, Reference, Wiki description explanation, brief detail |

Differences between double entry system and incomplete records

1. Recording of transactions 2. Type of accounts maintained 3. Preparation of trial balance 4. Determination of true profit or loss 5. Determination of financial position 6. Suitability 7. Reliability 8. Acceptability

Differences between double entry system and incomplete records




Basis of distinction

1. Recording of transactions

2. Type of accounts maintained

3. Preparation of trial balance

4. Determination of true profit or loss

5. Determination of financial position

6. Suitability

7. Reliability

8. Acceptability

Tags : Accounts from Incomplete Records | Accountancy Accounts from Incomplete Records | Accountancy
Study Material, Lecturing Notes, Assignment, Reference, Wiki description explanation, brief detail


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