Download FinAccUnit 1 (B) - Incomplete Records Lecture Notes PDF PDF Free - Full Version
Download FinAccUnit 1 (B) - Incomplete Records Lecture Notes PDF by ['Sherona Reid'] in PDF format completely FREE. No registration required, no payment needed. Get instant access to this valuable resource on PDFdrive.to!
About FinAccUnit 1 (B) - Incomplete Records Lecture Notes PDF
The document discusses incomplete or single-entry accounting records and how they can be converted to double-entry. It provides three methods for this conversion: (1) a statement of affairs which acts as an opening balance sheet, (2) use of control accounts to track key financial items like sales and purchases, and (3) adjusting for accruals, prepayments, and depreciation. It then gives an example of a farmer's statement of affairs and cashbook, and shows how to reconcile the records to extract a trial balance and final accounts.
Detailed Information
| Author: | ['Sherona Reid'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 10 |
| Language: | English |
| Format: | |
| Price: | FREE |
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