Single entry can be adopted by :

Related MCQs

• Procedure of conversion of Single entry books into Double entry
• A Single entry system is usually adopted by:
• The single entry system cannot be adopted by
• The drawer of a trade bill passes relevant entries with regard to the transaction involved in it. But, in case of an accommodation bill, he passes an entry in addition to the usual entries. The additional entry so passed is with respect to
• The term "compound entry" means that the journal entry has
• Entry representing the reversal or cancellation of an entry on the other side is called?
• In the case of net worth method of single entry system, the net profit is ascertained by
• A Single entry system it:
• Single Entry system has effect:
• In Single entry system, it is not possible to prepare: