Many of the corporate agencies, listed firms, or organizations use the Incomplete Records process of accountancy in their accounting practices to save the expense that is incurred in a systematic process of accounting. When an organization is functioning with a limited resource, they try to save the revenue to maintain the continuity of the economic activity of the organization. Even the lack of competent and quality accountants and manpower leads to the scope of maintaining Incomplete Records. This is a very common practice among various business entities where there is a very limited scope of information available about their financial status.