Where records maintained are inadequate to facilitate the...
Where records maintained are inadequate to facilitate the preparation of a trading and profit and loss accounts, this is described as
Cost accounting
Bookkeeping
Incomplete records
Double entry
Correct answer is C
Incomplete records refers to a situation in which an organization is not using double-entry bookkeeping. Instead, it is using a more informal accounting system, such as a single-entry system, to maintain a reduced amount of information about its financial results.
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