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Question
Which of the following is not a feature of the incomplete system?
Options:
A .  The profit or loss for the year cannot be ascertained with a high degree of accuracy
B .  The balance sheet reflects the complete and true position
C .  Personal transactions of owners may also be recorded in the cash book
D .  None of the above
Answer: Option B
:
B
The balance sheet does not reflect the complete and true position.

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