Incomplete Records

In any business organization, it is deemed that their records are complete and because of their completeness in accounting, one can have it in mind that the organization is keeping a double records system. But whereby this is not kept, then we can say that the organization is keeping a single entry system or in other words say that the organization is keeping an incomplete record System.

Incomplete record in accounting therefore can b defined as a situation where an accounting records lack the complete double record keeping. In an incomplete record, certain records can be obtained with the help of the other records.

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