HSC Commerce: Marketing and Salesmanship 11th Standard - Maharashtra State Board Question Bank Solutions

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

Sub-division of the journal is known as ______ book.

Complete the following sentence:

Cash Book is a ______ Journal.

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.
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.

Can a Trial Balance be prepared 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.

Do you agree or disagree with the following statement:

Cheques issued for payment but not presented to bank appears in Cash Book only.

Select the most appropriate answer from the alternatives given below and rewrite the sentence.
Single Entry System may be useful for ________.

Complete the following statement:

Overcast on receipt side of Pass Book means _________ in Pass Book balance.

State True or False with reasons:
Preparation of Trial Balance is not possible under Single Entry System

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? 

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