Find the odd one and state the reason
Sales account
Purchase account
Wages
Carriage outwards
If opening capital is Rs. 60,000, drawings Rs. 5,000 Capital introduced during the period Rs 10,000, closing capital Rs. 90,000 the value of profit earned during the period will be
20,000
25,000
30,000
4,000
Credit sale
Discount allowed
Sales returns
Return outwards
Under------------- system real and normal aspect of each transaction not recorded
Single entry system
Double entry system
None of these
Both of these
Analysis of accounting is not possible through ______________ system of accounting
Single entry
Double entry
Cost accounting
Management
Which of the following items of bill payable account are transferred to total creditors account?
Closing balance of bills payable
Bills payable dishonored during the year
Opening balance of bills payable
Bills payable issued during the year
Capital accounts are not prepared under--------------- system
To get profit, closing capital is adjusting by------------ drawing
Adding
Deducting
Dividing
Balancing
---------------- is prepared on the basis of those which are not based on double aspects
Balance sheet
Statement of affairs
Trail balance
Under single entry system no----------------------- can be prepared to verify the arithmetical accuracy of the records kept
Profit and loss account
Ledger account
