Day 3. Financial statements
F6. Incomplete records
a) Understand and apply techniques used in incomplete record situations:
i) Use of accounting equation
ii) Use of ledger accounts to calculate missing figures
iii) Use of cash and/or bank summaries
iv) Use of profit percentages to calculate missing figures
Different techniques to find missing info
01Explanation2:38
Accounting equation
02Explanation1:09
Finding purchases using trade payables
03Explanation2:44
Finding sales using control accounts
04Explanation2:50
Finding sales using cash and trade receivables
05Explanation2:43
Profit margin to calculate sales
06Explanation2:13
COS using mark up
07Explanation0:47
Reducing inventory levels
08Explanation2:03
Inventory destroyed
09Explanation2:27
Mock exam 1 Q25
10Mock Exam0:58
Mock exam 1 Q26
11Mock Exam0:48
Mock exam 1 Q45
12Mock Exam1:09
Mock exam 2 Q11
13Mock Exam1:35
Mock exam 2 Q12
14Mock Exam0:33
Mock exam 2 Q13
15Mock Exam0:49
CBE Questions
Syllabus F6