Incomplete records
How to rebuild a year's figures when the books are missing: the accounting equation, control accounts, the bank, and mark-up and margin.
See the first roomMissing figures from the accounting equation
Rooms in this module
How this works
Each room answers one problem. A task is a few lines of reading, then questions you answer in the books: post to an account, type a figure, sort, match or write a journal. Every answer is marked at once, with the rule behind it. There are no videos.
Words in this module
- Accounting equation
- The accounting equation says that assets equal liabilities plus capital. It is always true.
Questions
How many rooms and questions are in Incomplete records?
5 rooms and 49 questions. Every question is marked at once.
How long does it take?
About 52 minutes in all. A room takes 10 to 12 minutes, so you can do one at a time.
Is it free?
No. These rooms need Premium. Each room shows the start of its first task before you pay.
What should I do first?
Sole trader accounts. It is the module before this one in Final accounts.