A Statement of assets and liabilities prepared under the single entry system is called:

Related MCQs

• Statements of assets & liabilities prepared under single entry system is called:
• The statement of profit or loss is prepared according to _______ method to calculate profit or loss under single entry system
• Long term assets being `3,00,000, current Assets `80,000, outside liabilities `1,20,000. Find owners equity-
• When a branch purchases fixed assets and the assets account is to be kept in the books of the head office, the branch makes the following entry
• Procedure of conversion of Single entry books into Double entry
• If two or more company come together and form anew company which takes over the assets and liabilities of the vendor companies it is called as
• Under single entry system, only personal accounts are kept and in some cases:
• Under single entry system , drawings is _____ to know gross profit
• Under single entry system, certain transactions are recorded :
• Under single entry system details of