In…………………entry system no records are kept for real or nominal Account.

Related MCQs

• Under pure single entry system only……………..Account are kept.
• Under single entry system arithmetical accuracy of the Accounting records can be checked.
• 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.
• The closing balance of book debts account is ascertained by preparing branch ………………Account.
• Under the………………… entry system personal accounts, cashbook and other subsidiary books are kept separately.
• Under…………… entry system, Personal Accounts and Cash Book are kept separately.
• Foreign Branch almost invariably trade independently and records their transaction in
• Single entry constitutes incomplete records rather than single entry
• Under Stock and Debtors System general income is credited to ………..account
• A……………..system of departmental account is more convenient where the number of department are very small