Accounts from Incomplete Records | Accountancy - Differences between double entry system and incomplete records | 12th Accountancy : Chapter 1 : Accounts from Incomplete Records
Chapter: 12th Accountancy : Chapter 1 : Accounts from Incomplete Records
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
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12th Accountancy : Chapter 1 : Accounts from Incomplete Records : Differences between double entry system and incomplete records | Accounts from Incomplete Records | Accountancy
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12th Accountancy : Chapter 1 : Accounts from Incomplete Records