Tamil Nadu Board of Secondary EducationHSC Commerce Class 12th
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Limitations of Incomplete Records

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Topics

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  • Lack of proper maintenance of records
  • Difficulty in preparing trial balance
  • Difficulty in ascertaining true profitability of the business
  • Difficulty in ascertaining financial position
  • Errors and frauds cannot be detected easily
  • Unacceptable to government and other authorities
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