[amp_mcq option1=”Sole trader” option2=”Partnership firm” option3=”Public limited company” option4=”A Lawyer” correct=”option3″]<\/p>\n
The correct answer is: C. Public limited company<\/p>\n
The incomplete method of accounting is a simple method of accounting that is used by small businesses. It is not suitable for large businesses, such as public limited companies, because it does not provide a complete picture of the company’s financial position.<\/p>\n
The incomplete method of accounting does not record all of the company’s transactions. Instead, it only records the most important transactions, such as sales and purchases. This means that the company’s financial position is not accurately reflected in the incomplete method of accounting.<\/p>\n
Public limited companies are required to keep accurate financial records. They are also required to file these records with the government. The incomplete method of accounting does not meet these requirements, so it cannot be used by public limited companies.<\/p>\n
A sole trader is a business that is owned and operated by one person. A partnership firm is a business that is owned and operated by two or more people. A lawyer is a professional who provides legal advice and representation.<\/p>\n
All of these businesses can use the incomplete method of accounting. However, public limited companies cannot use the incomplete method of accounting because it does not meet the requirements of the government.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Sole trader” option2=”Partnership firm” option3=”Public limited company” option4=”A Lawyer” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-53403","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"\n