Incomplete Records

  • P. Stevens
Part of the Macmillan Work Out Series book series (MCWO)


We have, in previous chapters, looked at the double-entry system of book-keeping. The advantages of the system can be summarised as follows:
  1. (i)

    There is a complete record of every transaction.

  2. (ii)

    There is an arithmetical check on the accuracy of the figures.

  3. (iii)

    Greater control can be exercised over the accounting records.

  4. (iv)

    Certain subsidiary functions in larger businesses can be delegated to junior staff.

  5. (v)

    Greater reliability can be placed on the accounts produced from those records.



Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© P. Stevens 1987

Authors and Affiliations

  • P. Stevens

There are no affiliations available

Personalised recommendations