JAMB - Accounts Principles Of Accounts (2018 - No. 69)
for an incomplete record to provide necessary information, it must be converted to?
double entry
single entry
complete records
statement of affairs
Explanation
The Conversion Method of Single Entry System is a more scientific way of preparation of Final Accounts from Incomplete Records. It is also called the Transaction Approach. It does not furnish necessary accounting information. ... is a better approach for preparing accounts from incomplete records of transactions.
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