Margin is a:
Cost price
Selling price
Invoice price
Detached price
The full set of account helps in the preparation of:
Final accounts
Trading income
Nominal income
Real income
Source of information about bills payable:
Bills receivable account
Bills payable account
Purchases
Incomes
Statement of affairs is prepared in the time of:
Full set of accounts maintained
Full set of accounts not maintained
As per government instruction
As per the MOA
Which one is a NOT a mixture of single entry?
Double entry
Single entry
No entry
Verify entry
Which type of systems of accounting is accepted by tax authorities?
Incomplete entry
Dual entry
What is the other name of incomplete entry?
Single
Double
Dual
Triple
Where will you get information about opening stock?
List of opening assets
List of closing assets
Sales
The system is economical as lesser number of books need to be maintained. It is the advantage of:
Margin and mark-up measures the gross profit as:
Percentage
Correct figure
Approximate figure
Unmeasurable
