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Question-1
Incomplete records of business transaction are termed as--------------
(A)
Single entry
(B)
Double entry
(C)
None of these
(D)
Both of these
Question-2
Find the odd one and state reason
(A)
Credit purchase
(B)
Endorsement of bill
(C)
Returns inwards
(D)
Return to suppliers
Question-3
Analysis of accounting is not possible through ______________ system of accounting
(A)
Single entry
(B)
Double entry
(C)
Cost accounting
(D)
Management
Question-4
Which of the following statement is correct?
(A)
Usually incomplete records are maintained by sole trader
(B)
Excess of opening capital over closing capital is loss
(C)
Incomplete records are often called as single entry
(D)
All of these
Question-5
In capital comparison method of singe entry system, the profit or loss is ascertained by
(A)
Preparing statement of affairs
(B)
Preparing trading and profit and loss account
(C)
Preparing statement of profit and loss account
(D)
Both b and c
Question-6
____________ cannot keep its books under single entry system
(A)
Sole proprietor
(B)
Partnership firm
(C)
Joint stock companies
(D)
All of these
Question-7
Capital accounts are not prepared under--------------- system
(A)
Single entry
(B)
Double entry
(C)
None of these
(D)
Both of these
Question-8
Cash account will not be affected by
(A)
Bad debts
(B)
Cash received from customers
(C)
Discount allowed
(D)
All of the above
Question-9
In the case of incomplete records a ------------ picture of all transaction will be available
(A)
Full
(B)
Complete
(C)
Partial
(D)
None of these
Question-10
Which of the following items of bill payable account are transferred to total creditors account?
(A)
Closing balance of bills payable
(B)
Bills payable dishonored during the year
(C)
Opening balance of bills payable
(D)
Bills payable issued during the year
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Plus 1 Commerce
ICSE/ISC
Practice in Related Chapters
Introduction Of Accounting
Concepts, Standards And Basis
Classification Of Accounts Under Double Entry System And Accounting Equation
Ledger
Trial Balance
Final Accounts Or (Financial Statements)
Journal
Sub-Division Of Journal : Cash Book
Sub-Division Of Journal : Specified purpose Subsidiary
Bank Reconciliation Statement
Rectification Of Errors
Capital And Revenue Expenditure/Income
Depreciation Accounting
Provisions And Reserves
Single Entry System : Accounts From Incomplete Records
Accounts of Non Trading Organization
Bills of Exchange
Introduction To The Use Of Computers In Accounting
Accounting concepts,standards and basis
Introduction to Accounting
Depreciation, Provision and Reserves
Trial Balance and Rectification of Errors
Depreciation, Provision and Reserves
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