Key to Basic Accounting by Javed Akhtar for B.Com (Part-I)
₨ 200
• Author Name : Javed Akber
• Language : Urdu
• Cover : Card Back
• No of Pages : 159
• Edition : Latest Edition
• Publication : STANDARD BOOK CENTER
The book explains how to prepare Profit and Loss statements under the single-entry system, a simpler form of bookkeeping where only one side of transactions is recorded. It demonstrates how to calculate net profit by adjusting capital for drawings, additional investments, and opening capital. For instance, examples like Mr. Ahmed’s statement show how personal withdrawals, expenses, and monthly drawings affect the adjusted capital, ultimately helping determine the net profit for the year. These examples guide students step-by-step in converting limited single-entry records into meaningful financial results.
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