To find out the opening and closing capitals statement of affairs are prepared
A) one
B) two
C) three
D) four
Correct Answer:
Verified
Q8: Excess of asset over liability is called
A)creditors
B)profit
C)capital
D)goodwill
Q9: Following records are made in single entry
Q10: Meaning of single entry system of book
Q11: Single entry system of book keeping system
A)is
Q12: The liabilities and assets respectively are rs
Q14: In which book the transactions are recorded
Q15: Floating asset is known as
A)fixed asset
B)current assets
C)non
Q16: As per the cost of concept an
Q17: The business will continue to operate for
Q18: Which book the work classification is done
A)trial
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