Statement of Affairs
Shamsa Rafique Statement of Affairs method: Learning Objectives: Define and explain statement of affairs. What is the purpose of preparing a statement of affairs? Prepare the format of statement of affairs. …
Defects/Limitations/Disadvantages of Single Entry System of Accounting
Sana Ahmed Defects/Limitations/Disadvantages of Single Entry System of Accounting: Learning Objectives: What are the limitations or disadvantages of single entry system of bookkeeping. The limitations or defects or disadvantages of single entry…
Difference Between Statement of Affairs and Balance Sheet
Abida Rehman Difference Between Statement of Affairs and Balance Sheet: Learning Objectives: What is the difference between statement of affairs and balance sheet? As real or property accounts are not maintained and…
Conversion into Double Entry System
Conversion into Double Entry System: Learning Objectives: Define and explain conversion method. How trading and profit and loss account and balance sheet is prepared under conversion method. Conversion of books…