The compilation of these Accountancy Notes makes students exam preparation simpler and organised.
Accounts from Incomplete Records
Certain times organizations use a more informal system of accounting instead of the double-entry system. Or the accounts are lost, or they are incomplete due to some reason. The accountant must still be able to produce complete final accounts for such an organization. Let us learn to make accounts from incomplete records.
- Meaning of Incomplete Records, Reasons for Incompleteness and Its Limitations
- Ascertainment of Profit and Loss
- Preparing Trading and Profit and Loss and Balance Sheet