Company accounting conforms more to dual aspect concept than to incomplete recording system because: I. Companies Act insists upon the adoption of double entry systems of book keeping II. Balance sheet could not be preprared under sec. 211 of Company's Act according to the incomplete recording system III. To show true and fair view of the affairs of the company IV. To ensure adequate disclosure Select the correct answer from the options given below and mark your answer sheet accordingly.

Answer: Option D