In single entry system only accounts are opened:

Related MCQs

• Under single entry system, only personal accounts are kept and in some cases:
• Single entry system of accounts is maintained by ______
• Procedure of conversion of Single entry books into Double entry
• A book wherein various accounts are opened is called—
• Which of these accounts are not opened in a joint venture
• Which of these accounts are not opened in a joint venture:
• The following accounts should be opened in the case of separate set of books in Joint Venture Account.
• Single entry system of book keeping system
• In the case of net worth method of single entry system, the net profit is ascertained by
• A Single entry system it: