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CMA Chapter Single Entry System

CMA chapter on “Single Entry System” explains Why do we have Single entry system, how profits are ascertained under this system. How Balance Sheet is different from Statement of Affairs and how to we convert books from Single Entry system to Double Entry system.

CA CPT Exam  

With Sheela Warrier.Duration:1hr 46min

Single EntryDuration (min:sec)
Introduction01:25
Why Single Entry07:56
Ascertainment of Profit08:44
Balance sheet vs. Statement of Affairs02:06
A story09:56
Statement of Affair Method08:29
Statement of Affair in Partnership17:35
Conversion of Single entry to Double Entry29:58
Quiz15:47
Summary03:45
Total1:45:41

Notes