for an incomplete record to provide necessary information, it must be converted to?
A. double entry B. single entry C. complete records D. statement of affairs
Correct Answer: B
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.
