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JAMB Principles of Accounts 2001 Question 21

Question 21

Incomplete Records

For an incomplete record to provide necessary information, it must be converted to

  1. A.complete records
  2. B.double entry records
  3. C.statement of affairs
  4. D.single entry.
Show the answer and explanation

Answer: B (double entry records)

Explanation

Incomplete records are converted to double entry so that full final accounts can be prepared.