Chapter:

Single Entry System Solved MCQs

in Advance Accounting

Chapters

35.3k

Chapter: Single Entry System

Done Reading?

Single Entry System Solved MCQs

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

In single entry system it’s difficult to detect

Single entry constitutes incomplete records rather than single entry

Under pure single entry system only……………..Account are kept.

Under the………………… entry system personal accounts, cashbook and other subsidiary books are kept separately.

Accounting is mainly concerned with the future management planning.

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

Most of the farming transactions are transacted on ……………..basis.

In single entry system it’s difficult to operate …………….system

In single entry system it’s difficult to exercise control over .

Under…………… entry system, Personal Accounts and Cash Book are kept separately.

Under statement of affairs method which is also termed as .

If the closing capital is more than the opening capital it’s shows an increase in capital which means a ……………

Under single entry system arithmetical accuracy of the Accounting records can be checked.

Single entry system is mixture of single entry, double entry and no entry.

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.

Under single entry system the profit and loss can be found out and also it’s comparison will be available.

Profit and losses can’t be ascertained because Trading and Profit and loss account can’t be prepared.