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Do you agree with the following statement? Statement of Profit is just like Profit and Loss Account. - Book Keeping and Accountancy

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प्रश्न

Do you agree with the following statement? 
Statement of Profit is just like Profit and Loss Account.

विकल्प

  • Agree

  • Disagree

MCQ
सत्य या असत्य
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उत्तर

Statement of Profit is just like Profit and Loss Account.-Disagree.

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Concept of Single Entry System
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 10: Single Entry System - EXERCISE [पृष्ठ ३५६]

APPEARS IN

बालभारती Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
अध्याय 10 Single Entry System
EXERCISE | Q 5. 5) | पृष्ठ ३५६

संबंधित प्रश्न

Answer in one sentence only.
What do you mean by Single Entry System?


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.
How Opening Capital is calculated under Single Entry System?


Write a word, term, or phrase which can substitute the following statement.
Name of method of accounting suitable to firms to having limited transactions.


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


State True or False with reasons:
Single Entry System is not useful for large organization.


Do you agree with the following statement? 
Single Entry System is based on certain rules and principles


Fill in the blank:
Single Entry System is more popular for __________.


Fill in the blank:
Single Entity System is suitable for ________business.


Interest in Drawings decreases the amount of profit under the Single Entry System.


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 ______.


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