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प्रश्न
Do you agree with the following statement?
Interest on Drawings decreases the amount of profit under Single Entry System.
पर्याय
Agree
Disagree
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उत्तर
Interest on Drawings decreases the amount of profit under Single Entry System.-Disagree.
APPEARS IN
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?
State True or False with reasons:
Preparation of Trial Balance is not possible under Single Entry System
Do you agree with the following statement?
Real and Nominal accounts are not maintained 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 __________.
Fill in the blank:
Single Entity System is suitable for ________business.
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.
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 ______.
Under Single Entry System, Profit = Closing Capital Less ______.
Under Single Entry System, Profit = Closing Capital Less ______.
