In Single entry mostly:
A) Personal aspects of transaction are recorded
B) Nominal aspects of transaction are recorded
C) Real aspects of transaction are recorded
D) All of the above
Correct Answer:
Verified
Q7: _is a person who is designated as
Q8: The Charter document or the formation document
Q9: If there is conversion of private limited
Q10: Prepaid expenses are shown under
A)Loans and advances
Q11: In absence of LLP agreement the mutual
Q13: Statements of assets & liabilities prepared under
Q14: Normally single entry system is suitable for:
A)Small
Q15: If Building (closing) Rs.100,000, Land (opening) Rs.
Q16: If opening capital is Rs.10,000 & closing
Q17: In single entry two-fold aspect of transaction
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