Question

describe two methods of ascertaining profit when accounting records are incomplete???

Answer 1

A solitary passage framework records each bookkeeping exchange with a solitary section to the bookkeeping records, as opposed to the endlessly more far reaching twofold section framework. The single section framework is focused on the consequences of a business that are accounted for in the salary proclamation. The center data followed in a solitary section framework is money payment and money receipts. Resource and obligation records are typically not followed in a solitary passage framework; these things must be followed independently.