The single entry system cannot be adopted by
A) Sole proprietorship
B) Partnership concern
C) Joint stock companies
D) All of the above
Correct Answer:
Verified
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
Q20: In single entry system sales are computed
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
Q26: Under Incomplete records only _ accounts are
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