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The students will be able to
  1. To have a clear understanding of the meaning and features of imcomplete records.
  2. To know the method of calculating profit or loss using Statement of Affairs method
  3. To have an awareness of the companies which can use Single Entry system of accounting
  4. To have an end to end knowledge of preparing Trading, Profit and Loss and Balance Sheet from incomplete records;
  5. To clearly understand the difference between Single Entry and Double Entry method of Accounting
  6. To find out the missing figures/information by preparing relevant accounts.

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