Which of the following businesses usually maintain incomplete accounting records of the business activities? Options: A . &nbspLarge Businesses B . &nbspCompanies C . &nbspBig Partnership Firms D . &nbspSmall Businesses

Which of the following businesses usually maintain incomplete accounting records

Question

Which of the following businesses usually maintain incomplete accounting records of the business activities?

Options:

A . Large Businesses

B . Companies

C . Big Partnership Firms

D . Small Businesses

Answer: Option D
:
D
Small businesses usually maintain incomplete accounting recordsof the business activities.

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Question 1. Capital = ....

Question 2. Total opening balances of assets and liabilities are Rs 10,000 and Rs 5,000 respectively. Find out the opening capital o....5,000 respectively. Find out the opening capital of the business?

Question 3. Drawings are shown as _____....

Question 4. The profit or loss for the year can be ascertained with a high degree of accuracy under which of the following system?....

Question 5. Closing capital = Rs 1,20,000. Shares issued during the year Rs 45,000. Drawings = Rs 10,000. Profit for the y....= Rs 30,000 . What shall be the opening capital?

Question 6. To arrive at the gross profit of a trading business, which one of the following formula is applied?....

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Question 8. Opening capital = ....

Question 9. Cost of goods available for sale – closing inventory =....

Question 10. Which of the following is correct about incomplete records?....

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