Procedure of conversion of Single entry books into Double entry

Related MCQs

• A few errors committed in Ahhiwalia's books of account are given below. State which errors would affect the Trial Balance. (a) Sales of `950 to Ram completely omitted from books of account (b) Purchases of `720 from Shyam entered in the purchases journal as `700 (c) Purchases Journal is overcast by `1,000 (d) Sales returns journal is undercast by `200 (e) Amount paid to Agarwal wrongly posted to the debit to Mittal's account (f) Bank overdraft shown under debit column in the Trial Balance (g) Sales of `500 to Sadiq entered in sales journal as sales to Mushtaq (h) Wages paid for installation of machinery debited to wages account
• 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
• Under which of the following situations, is journal entry not passed in the books of the drawer?
• If a bill is endorsed to a third party, the accounting entry in the books of the endorser, at the time of endorsement involves
• When a complete set of books are maintained for the joint venture and in case where an amount is spent on account of expenses or for purchasing goods for the venture, the entry would be
• The adjustment entry for goods in transit is passed in the books of
• Double entry system was propounded by
• Which of these is not a part of double entry system
• Double Entry System was introduced in–
• If there is conversion of private limited company into LLP all the of the company must become partners in the LLP and no one else