Refresh or test your accounting knowledge on Incomplete Records:
|QUESTIONS:1.0 In the absence of a sales account or sales day book, how can a figure of sales for the year be computed
2.0 In the absence of a purchase account or purchases day book, how can a figure of purchases for the year be computed
3.0 What is the accounting double entry to record the loss of stock by fire or burglary?
4.0 If a business proprietor pays his personal income into the business bank account, what is the accounting double entry to record the transaction?