_____________ system of accounting is inexpensive as compared to double entry system.
Single entry
Cost accounting
Management accounting
Computerised accounting
Analysis of accounting is not possible through ______________ system of accounting.
Double entry
Management
In the case of incomplete records, a _________picture of all transaction will be available.
full
complete
partial
None of these
____________ cannot keep its book under singe entry system.
Sole proprietor
Partnership firm
Joint stock companies
All of these
Which of the following statements is correct in respect of returns out wards?
Deducted form purchases
Debited to total creditors
None of them
Both of them
____________ account is prepared to find out credit sales.
Debtors
Creditors
Sales
Purchase
Find the odd one and state the reason.
Sales account
Purchase account
Wages
Carriage outwards
Credit sale
Discount allowed
Sales returns
Return outwards
_________ is prepared on the basis of those which are not based on double aspects.
Balance sheet
Statement of affairs
Trail balance
Journal
____________ system of accounting can be adopted by people who do not have the proper knowledge of accounting principles.
Single entry system
Incomplete records
Both a and b