Where records maintained are inadequate to facilitate the preparation of a trading and profit and loss accounts, this is described as
- cost accounting
- bookkeeping
-
incomplete records
- double entry
The correct answer is: C
Explanation
Incomplete records refers to a situation in which an organization is not using double-entry bookkeeping. Instead, it is using a more informal accounting system, such as a single-entry system, to maintain a reduced amount of information about its financial results.