Accounting 0452 · IGCSE · Incomplete records

Incomplete records — practice question

What are the advantages of maintaining a complete set of accounting records? 1 Financial statements will contain no errors. 2 Fraudulent entries cannot be made. 3 Decision-making can be better informed. 4 Profit can be calculated more accurately.

  • A1 and 2
  • B1 and 3
  • C2 and 4
  • D3 and 4

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