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Described how information is gathered and used for simple calculation of profit when single entry system of accounting is used.
Student can also watch following lectures for better understanding of the topic :
1. https://www.youtube.com/watch?v=OXBCspSn5vg
2. https://www.youtube.com/watch?v=rM31xtUmQco
Dwonload Notes: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing
#SingleEntry #Accounting
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