Incomplete record mechanism of book keeping is ___________.
A
Scientific
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B
Unscientific
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C
Unsystematic
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D
Both (b) and (c)
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Solution
The correct option is B Unsystematic Book keeping is an unsystematic method of recording transactions.It is observed, that many businessmen keep incomplete records because of the following reasons :
(a) This system can be adopted by people who do not have the proper knowledge of accounting principles;
(b) It is an inexpensive mode of maintaining records.