Under single entry system the main account book kept is
A) Purchases book
B) Sales book
C) Cash book
D) Returns Inwards Book
Correct Answer:
Verified
Q13: Procedure of conversion of Single entry books
Q14: Under the net worth method, the profit
Q15: The closing capital can be ascertained by
Q16: Profit under the net worth method, when
Q17: To ascertain the real profit, the difference
Q19: The system of keeping incomplete record is
Q20: In single entry system sales are computed
Q21: The single entry system cannot be adopted
Q22: The minimum share application money is
A)Rs.5 per
Q23: When closing capital is more than opening
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