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प्रश्न
Do you agree with the following statement?
Real and Nominal accounts are not maintained under Single Entry System.
पर्याय
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.
How Opening Capital is calculated under Single Entry System?
Answer in one sentence only.
Which type of accounts are maintained under Single Entry System?
Write a word, term, or phrase which can substitute the following statement.
System of Accounting normally suitable to small business organization.
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:
Single Entry System is not useful for large organization.
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?
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.
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 ______.
