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Answer in one sentence only:
What is Double Entry System?
Concept: undefined >> undefined
Answer in one sentence only:
State the meaning of the Single Entry System.
Concept: undefined >> undefined
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Answer in one sentence only:
How many methods of recording accounting information are there?
Concept: undefined >> undefined
Write one word/term or phrase which can substitute the following statement.
Incomplete system of recording business transactions.
Concept: undefined >> undefined
Select the most appropriate alternatives from the given below and rewrite the statement:
Conventional system of accounting is ______
Concept: undefined >> undefined
Fill in the blank:
Scientific and complete system of recording is known as ______
Concept: undefined >> undefined
Fill in the blank:
Cash Book and Personal Accounts are only maintained under ______ system.
Concept: undefined >> undefined
Fill in the blank:
___________ is the document on the basis of which the entry is recorded in journal.
Concept: undefined >> undefined
There are _______ parties to a cheque.
Concept: undefined >> undefined
Fill in the blank:
The _______ cheque is more safe than other cheques as it cannot be encashed on the counter of the bank.
Concept: undefined >> undefined
Prepare specimen of Crossed cheque
Concept: undefined >> undefined
Answer the following question in one sentence:
What is Subsidiary Books?
Concept: undefined >> undefined
Give word/term or phrase for the following statement:
A bank account which the businessman prefer to open.
Concept: undefined >> undefined
Give word/term or phrase for the following statement:
Name the account which encourages personal savings.
Concept: undefined >> undefined
Give word/term or phrase for the following statement:
A note issued by buyer to seller giving full details of goods returned.
Concept: undefined >> undefined
Give word/term or phrase for the following statement:
Note issued by seller on receipt of defective goods from customer.
Concept: undefined >> undefined
Give word/term or phrase for the following statement:
Name the bank account on which overdraft facility is given to Account holder.
Concept: undefined >> undefined
