"Keeping track of your accounts is always a good practice. It helps you keep yourself and the entire team in line and aware of everything that is financially happening. You are then up to date with your system and you are thus thoroughly in control. Accounting records that are not maintained appropriately, within an organisation, but are maintained with the help of a single-system and not a double-entry system is what is called accounting for incomplete records. The mechanism is often used when the organisation intends to maintain a cut down version of the existing financial information and records. They do not maintain the records of assets, incomes or any other expenses. The records and accounting system thus remains incomplete. Watch the presentation to learn more."

Sahreen Younis Ahanger

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