Fewpal
0 votes
10 views
in Accounts by (46.2k points)
closed by

State any two limitations of Incomplete Record System.

1 Answer

+1 vote
by (47.4k points)
selected by
 
Best answer

Following are the limitations of incomplete records: 

(a) As double entry system is not followed, a trial balance cannot be prepared. 

(b) Correct ascertainment and evaluation of financial result of business operations cannot be made.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...