Accounts from Incomplete Records

Ca Raja Natarajan, Chartered Accountant

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21 Videos (1h 25m)
    • Introduction to Incomplete Records

    • Features of Single Entry System of Accounting

    • Limitations of single entry system

    • Difference between single entry and double entry

    • Methods for finding profits

    • Statement of Affairs Method

    • Conversion Method

    • Calculation of Missing Figures

    • Single Entry Case Study 1

    • Single Entry Case Study 2

    • Single Entry Case Study 3

    • Single Entry Case Study 4

    • Single Entry Case Study 5

    • Single Entry Case Study 6

    • Single Entry Case Study 7

    • Single Entry Case Study 8

    • Single Entry Case Study 9

    • Single Entry Case Study 10

    • Single Entry Case Study 11

    • Computation of Total Purchases

    • Computation of Total Sales


About This Class

Welcome to the course Accounts from Incomplete Records.

We have to digest a fact that not all business concerns records their financial transactions using Double Entry System of Book Keeping. 

Yes! Business concerns who don't have systematic approach for book keeping will have only partial records. However, they should also know what is their Profit of Loss position. In such cases, we can find out the Profit or Loss using Single Entry System . This method is not a scientific / valid method. But, in the absence of information, some how we have to find Profit / Loss and this method will help us. 

Accounts from Incomplete Records means only Personal and Cash Accounts are maintained and Real and Nominal Accounts were not maintained. It means, all the business transactions are not recorded in the books. 

We can arrive at the profits using Net Worth Method or Conversion Method and all these are discussed in this course. 

This course is structured in self paced learning style.

Video lectures are used for explaining the concepts.

Welcome to this course once again!






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Ca Raja Natarajan

Chartered Accountant

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management for Chartered Accountancy and Cost and Management Accountancy students in Ernakulam,India. and I teach 100+ Finance, Accounts, Costing, Banking, Credit Analysis, Statistics, etc. in Skillshare.  

I also hold

  1. Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune
  2. Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice.

During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in

a) Financial Analysis

b) Risk Assessment

c) Viability Study

d) Evaluating business models

e) Project Finance

f) Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like

a) Project Finance

b) Credit Risk Assessment

c) Entrepreneurship Development

d) Finance for Non Finance Executives

e) Burning Desire for Entrepreneurship

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.

Entrepreneurship Business Accounting Sales