In single entry system sales are computed by adding
A) Cash sales and cash received from debtors
B) Cash sales and credit sales
C) Credit sales and cash received from debtors.
D) None of these.
Correct Answer:
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Q15: The closing capital can be ascertained by
Q16: Profit under the net worth method, when
Q17: To ascertain the real profit, the difference
Q18: Under single entry system the main account
Q19: The system of keeping incomplete record is
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
Q24: Which method is used under single entry
Q25: Credit purchase is determined by preparing
A)Purchase Account
B)Debtor's
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