describe two methods of ascertaining profit when accounting records are incomplete???
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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.
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The method of finding profit or loss from incomplete records are. (1) Statement of fairs method. (2) Conversion into double - entry method
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Begning capital less than ending capital there's profit. Begging capital greater than ending capital, there's loss also
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