3.14 Accounting for organisations with incomplete records
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Additional information |
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The calculation of profit of an organisation where there are insufficient records to prepare income statements. |
Calculations could include the use of statements of affairs. |
How accounting techniques are applied in the preparation and analysis of financial statements for a business with incomplete records. |
Techniques to find missing information are:
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The benefits and limitations of maintaining accounting records using different systems including single and double entry records. |