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महाराष्ट्र राज्य शिक्षण मंडळएचएससी कला (इंग्रजी माध्यम) इयत्ता ११ वी

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.

पर्याय

  • True

  • False

MCQ
चूक किंवा बरोबर
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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
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 10: Single Entry System - EXERCISE [पृष्ठ ३५६]

APPEARS IN

बालभारती Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
पाठ 10 Single Entry System
EXERCISE | Q 4. 4) | 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.
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.
System of Accounting normally suitable to small business organization.


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


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? 

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 __________.


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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