# Computation of Profit/(Loss) From Incomplete Records (Part 2)

In this final part, the second method used to ascertain profit/(loss) from incomplete records are :

 The Analysis Method · This is a frequently asked question in examination   ·      Many examination questions require the preparation of the Trading, Profit and loss account and Balance sheet from incomplete record. Most of the time, certain information is given and the student is expected to find the missing figure in order to construct the final accounts. To Find the Missing figure of SALES From the DEBTOR account: DEBIT SIDE: Balance B/f Sales ( balance)   CREDIT SIDE: Return Inwards Discount Allowed Cash received Balance C/d   By reconstructing the debtor account like the above, we can find the missing figure whether it is for sales or collections from debtors and others. To find the Missing figure of Â PAYMENTS TO CREDITORS From the CREDITOR Account: DEBIT SIDE: Returns Outwards Discount received Cash Paid (balance) Balance c/d   CREDIT SIDE: Balance b/f Purchase   By reconstructing the creditor account like the above, we can find the missing figure whether it is for purchases or payment to creditors and others. To find the Missing Figure of EXPENSES Incurred For The Year From the EXPENSE ACCOUNT:   DEBIT SIDE: Cash Balance c/f   CREDIT SIDE: Balance b/f Profit & loss (Balance)     By reconstructing the expenses account like the above, we can find the missing figure whether it is for expenses incurred for the whole year. To find the Missing Figure of CASH DRAWING BY PROPRIETOR From the CASH ACCOUNT:   DEBIT SIDE: Receipts: Balance b/f Debtors Sales by cash     CREDIT SIDE: Payments: Creditors Purchases by cash Bank Drawings ( balance) Balance c/d     By reconstructing the CASH account like the above, we can find the missing figure for the drawings for the year.
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