हिंदी

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

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प्रश्न

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

विकल्प

  • True

  • False

MCQ
सत्य या असत्य
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उत्तर

This statement is True.
In a Single Entry System, cash book and personal accounts of debtors and creditors are maintained and real and nominal accounts are not maintained. In a large organization it is necessary to maintain every type of accounts. Therefore Single Entry System is not useful for large organization.
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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 4. 4) | पृष्ठ ३५६

संबंधित प्रश्न

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?


Answer in one sentence only.
Which type of accounts are maintained under Single Entry System?


Answer in one sentence only.
Which type of organization generally follows Single Entry System?


Write a word, term, or phrase which can substitute the following statement.
A System of accounting which is unscientific.


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


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 __________.


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


Under Single Entry System, Profit = Closing Capital Less ______.


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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