Single Entry system is must suited where:
A) Cash transactions are many
B) Credit transactions are many.
C) Cash & credit transactions are more
D) None of the above
Correct Answer:
Verified
Q1: Single Entry system has effect:
A)One effect
B)Tow effect
C)Three
Q2: In Single entry system, it is not
Q3: A Single entry system is usually adopted
Q5: Capital can be obtained by preparing:
A)Cash book
B)Statement
Q6: Credit sale can be obtained by preparing:
A)Cash
Q7: Credit Purchase can be calculated by preparing:
A)Cash
Q8: In single entry system profit is calculated
Q9: In single entry system only accounts are
Q10: Single entry system cannot be a maintained
Q11: Single entry system of book - keeping
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents