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प्रश्न
Do you agree with the following statement?
Real and Nominal accounts are not maintained under Single Entry System.
विकल्प
Agree
Disagree
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उत्तर
Real and Nominal accounts are not maintained under Single Entry System. - Agree.
Explanation:
- Real and nominal accounts are not maintained under single entry system. Only cash and personal accounts are recorded under this system.
- Single entry is an incomplete system of recording transactions and is considered to be suitable for small organisations.
- Therefore, only entries related to personal and cash accounts are recorded, while others are ignored.
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संबंधित प्रश्न
Answer in one sentence only.
Which types of accounts are normally not kept under the Single Entry System?
Answer in one sentence only.
Which statement is prepared under the Single Entry system to ascertain the capital balances?
Answer in one sentence only.
Which type of accounts are maintained under Single Entry System?
Answer in one sentence only.
Can a Trial Balance be prepared under Single Entry System?
Answer in one sentence only.
Which type of organization generally follows Single Entry System?
Select the most appropriate answer from the alternatives given below and rewrite the sentence.
Single Entry System may be useful for ________.
State True or False with reasons:
Preparation of Trial Balance is not possible under Single Entry System
Do you agree with the following statement?
Single Entry System is based on certain rules and principles
Do you agree with the following statement?
Statement of Profit is just like Profit and Loss Account.
Fill in the blank:
Single Entry System is more popular for __________.
Under Single Entry System, Profit = Closing Capital Less ______.
Mr. Poonawala keeps his books under the Single Entry System and gives the following information.
Capital as of 31.3.2017 – ₹ 60,000
Capital as on 31.3.2018 – ₹ 1,00,000
Drawings made during the year ₹ 2,000
Additional capital introduced during the year ₹ 12,000
Calculate Profit or Loss during the year.
Under Single Entry System, Profit = Closing Capital Less ______.
Under Single Entry System, Profit = Closing Capital Less ______.
Under Single Entry System, Profit = Closing Capital Less ______.
Under Single Entry System, Profit = Closing Capital Less ______.
Under Single Entry System, Profit = Closing Capital Less ______.
Under Single Entry System, Profit = Closing Capital Less ______.
Under Single Entry System, Profit = Closing Capital Less ______.
Under Single Entry System, Profit = Closing Capital Less ______.
