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ZIMSEC A-Level Accounting

1.8Incomplete Records Accounting

Incomplete Records Accounting in ZIMSEC A-Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic66 practice questions3 lessons

Learning objectives

What the syllabus expects you to be able to do.

  1. 1.8.1Calculate capital from statements of affairs and profit or loss from the accounting equation.
  2. 1.8.2Calculate missing figures using ratios and ledger accounts and estimate profit.
  3. 1.8.3Prepare statements of profit and loss and other comprehensive income and of financial position from incomplete records.

Lessons

  • Final accounts from incomplete records

    65 min

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  • Missing figures: total accounts, cash summaries, margin and mark-up

    55 min

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  • Statement of affairs and profit from the accounting equation

    45 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Incomplete Records Accounting: sample question

1 mark

Rent paid during the year was US$5,430. Rent prepaid was US$430 at the start of the year and US$560 at the end. What is the rent expense for the year?

Choose one answer

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