
Single entry system
Authored by AMANDEEP SINGH
Education
11th Grade
Used 5+ times

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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
credit sales can be computed by preparing :
cash a/c
debtors a/c
creditors a/c
statement if affairs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
which of the following is not prepared under single entry system?
debtors a/c
creditors a/c
bill receivable a/c
trial balance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
single entry system is not recognised by
income tax authorities
small firms
debtors
creditors
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
acceptance received during the year should be debited to ..............................
bills payable a/c
creditors a/c
bills receivable a/c
debtors a/c
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
which of the following is correct
only real a/c are maintained
only personal a/c are maintained
personal a/c and cash a/c are maintained
real a/c are maintained
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
mohan who keeps book under single entry system tell you that his capital on 31st march,2020 is 93,500 and his capital on 1st april 2019 was 96,000. during the year he withdrew for household purpose 42,100. he once sold his investments of Rs. 10,000 at 2% premium and brought that money into the business. calculate profit.
59200
29400
13200
50400
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
kartik started a firm on 1st april 2019 with capital of Rs. 30,000. on 1st july 2019 , he borrowed from his wife a sum of 12000 @ 9% p.a (interest not yet paid) for business and introduced a further capital of his own amounted to 4,500. on 31st march 2020 his position was,cash 1800, stock 28200, debtors 21,000 and creditors 18,000. drawings during the year were 6000. calculate capital at the end of the year
17,460
30,380
20,190
35,930
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