Is it possible to prepare the profit and loss account and the balance sheet from the incomplete

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‘Is it possible to prepare the profit and loss account and the balance sheet from the incomplete book of accounts kept by a trader’? Do you agree? Explain.

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Accountancy Financial Accounting Part 2 For Class 11

ISBN: 9788174505323

1st Edition

Authors: NCERT

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Question Posted: Feb 16, 2024 12:00 PM

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Is it possible to prepare the profit and loss account and the balance sheet from the incomplete

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Yes it is possible to prepare a profit and loss account and a balance sheet from incomplete bookkeeping records but the accuracy and completeness of t...View the full answer

Accountancy Financial Accounting Part 2 For Class 11

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