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AP
Question Practice

In the absence of accurate records, how should past adjustments be recorded?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Accounting for Partnership: Ba...
Question Bank

In the absence of accurate rec...

Single Answer MCQ
Q-00082092

In the absence of accurate records, how should past adjustments be recorded?

1

Use approximate estimates

2

Ignore the discrepancies

3

Adjust only the capital accounts

4

Consult external auditors only

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Q4.

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