In the context of single-entry system, which of the given statement (s) is (are correct)?
(i) It is known as partial and incomplete recording of transactions.
(ii) This system is generally adopted by small traders, petty shop-keepers, doctors, advocates, and other
professionals.
(iii) The limited companies cannot adopt it because they have to maintain complete records of all transactions.

A

Only (ii)

B

Only (i) and (ii)

C

All of (i),(ii) and (iii)

D

Only (i) and (iii)