Trial balance is prepared to check the arithmetical accuracy. This is the feature of:
Single entry
Double entry
Incomplete entry
No entry
Which type of systems of accounting is accepted by tax authorities?
Dual entry
Margin and mark-up measures the gross profit as:
Percentage
Correct figure
Approximate figure
Unmeasurable
Which one is a NOT a mixture of single entry?
Verify entry
The gross profit measured as a percentage of selling price is:
Mark-up
Balance
Margin
Stock turn over
The full set of account helps in the preparation of:
Final accounts
Trading income
Nominal income
Real income
What is the other name of incomplete entry?
Single
Double
Dual
Triple
Margin is a:
Cost price
Selling price
Invoice price
Detached price
Which one is a method of ascertaining the profit and loss of a firm?
Statements of affairs
Profit & loss account
Where will you get information about opening stock?
List of opening assets
List of closing assets
Sales
Incomes
