SimonMash.com | Kerala Plus One & Plus Two Study Notes, Question Papers, Answer Keys, Resources

Plus One Accountancy Notes Chapter 11 Accounts from Incomplete Records An account system which is not based on double entry is known as incomplete accounting system or single entry system.  It is an incomplete, unscientific and unsystematic method of keeping the books of accounts of a trader. Under this system personal accounts and cash account are only maintained. ഡബിൾ എൻട്രിയിൽ അധിഷ്ഠിതമല്ലാത്ത ഒരു അക്കൗണ്ട് സിസ്റ്റം അപൂർണ്ണമായ അക്കൗണ്ടിംഗ് സിസ്റ്റം അല്ലെങ്കിൽ സിംഗിൾ എൻട്രി സിസ്റ്റം എന്നാണ് അറിയപ്പെടുന്നത്. ഒരു വ്യാപാരിയുടെ കണക്ക് പുസ്തകങ്ങൾ സൂക്ഷിക്കുന്ന അപൂർണ്ണവും അശാസ്ത്രീയവും വ്യവസ്ഥാപിതമല്ലാത്തതുമായ ഒരു രീതിയാണ്. ഈ സംവിധാനത്തിന് കീഴിൽ വ്യക്തിഗത അക്കൗണ്ടുകളും പണ അക്കൗണ്ടുകളും മാത്രമേ പരിപാലിക്കൂ. Features of Incomplete Records Unsystematic method of recording transactions. Generally records cash transactions and personal accounts are properly maintained, but there is no information regarding revenue / gains and expenses / losses, assets and liabilities. Personal transactions ...

[file content begins] Chapter 9: Financial Statements – II Chapter 9: Financial Statements – II – Important Topics: Need for Adjustments – Accrual Basis of Accounting Closing Stock – Journal Entry, Treatment in Final Accounts Outstanding Expenses – Journal Entry, Treatment in P&L A/c and Balance Sheet Prepaid Expenses – Journal Entry, Treatment Accrued Income – Journal Entry, Treatment Income Received in Advance – Journal Entry, Treatment Depreciation – Journal Entry, Treatment Bad Debts and Further Bad Debts – Journal Entry Provision for Doubtful Debts – Calculation, Journal Entry, Adjustment of Old Provision Provision for Discount on Debtors – Calculation, Journal Entry Manager’s Commission – Calculation (Before/After Charge), Journal Entry Interest on Capital – Journal Entry, Treatme...

Chapter 8: Financial Statements – I – Important Topics: Stakeholders and their Information Requirements Distinction between Capital and Revenue – Expenditure, Receipts Financial Statements – Meaning and Types Trading Account – Purpose, Format, Items on Debit and Credit Side Cost of Goods Sold (COGS) and Gross Profit Calculation Profit & Loss Account – Purpose, Format, Indirect Expenses and Incomes Balance Sheet – Purpose, Format, Grouping and Marshalling of Assets and Liabilities Order of Liquidity vs Order of Permanence Opening Entry Previous Year Exam Questions (2019–2022) with Answers 1. Stakeholders and their Information Requirements Simple Explanation: Financial statements are prepared for various users who have an interest in the business. These users are called stakeholders. Each stakeholder needs different information from the financial statements to make d...