……………system of book keeping is the only scientific method to record farming transaction.

Related MCQs

• They record a few translation completely just like the double entry system but a majority of the transactions are recorded only partially is known as incomplete records.
• Most of the farming transactions are transacted on ……………..basis.
• Under…………… entry system, Personal Accounts and Cash Book are kept separately.
• Foreign Branch almost invariably trade independently and records their transaction in
• Under pure single entry system only……………..Account are kept.
• Transactions involving receipt in……………..are recorded on receipt side of cash book.
• The closing balance of book debts account is ascertained by preparing branch ………………Account.
• Dependent branch doesn’t keep any book of account as their entire Accounting work is performed by the head office.
• Core banking system…………. system.
• In single entry system it’s difficult to operate …………….system