Under Incomplete records only _____ accounts are maintained.
A) personal
B) impersonal
C) real
D) nominal
Correct Answer:
Verified
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
Q27: Single entry system contains
A)All the relevant accounts
B)Only
Q28: Bill dishonored is shown in
A)Bills receivable account
B)Bills
Q29: Credit sales can be ascertained by preparing
A)Creditors
Q30: Credit purchases can be ascertained by preparing
A)Creditors
Q31: The advantage of a single entry system
A)It
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