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Question

Which one of the following statement is correct?


A

No proper information regarding revenue, expenses, assets and liabilities is maintained in incomplete records.

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B

The proper information regarding revenue, expenses, assets and liabilities is maintained in incomplete records.

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C

No proper information regarding revenue and expenses is maintained, but correct information regarding assets and liabilities are maintained in incomplete records.

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D

The proper information regarding revenue and expenses is maintained, but no proper information regarding assets and liabilities are maintained in incomplete records.

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Solution

The correct option is A

No proper information regarding revenue, expenses, assets and liabilities is maintained in incomplete records.


No proper information regarding revenue, expenses, assets and liabilities is maintained in incomplete records.


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