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1 . Briefly explain and discuss the following: a . Incomplete record in accounting b . Causes of incomplete records c . Weaknesses of incomplete
Briefly explain and discuss the following:
a Incomplete record in accounting
b Causes of incomplete records
c Weaknesses of incomplete record
d Solving the problem of incomplete records using
i
Comparison Method
ii
Analysis Method
Briefly explain and discuss the following:
a The accounting differences between a manufacturing firm and a trading firm?
b The production cost concept i Fixed Cost and ii Variable Cost
c The costs in manufacturing activities are i Raw material cost ii Labour Cost, iii
Direct Expenses, and iv Overhead Cost.
d The format of the manufacturing account for i Raw Material Calculation ii Labour
Cost Calculation iii Cost of finished goods
Briefly explain and discuss nonprofit organizations as follows:
a Ownership and management structure
b Fundraising, liability, and financial record keeping
c Capital and revenue items
d Income Expenditure Account
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