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Recent questions tagged single entry system
+1
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1
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Vikas maintains his books of account on Single Entry System. He provides following information
asked
Apr 4, 2019
in
Class 11
by
kratos
class-11
single entry system
+1
vote
1
answer
What type of transaction is recorded in the sales book.
asked
Mar 31, 2019
in
Class 12
by
kratos
class-11
rectification of errors
subsidiary books
single entry system
class-12
+3
votes
1
answer
Shruti maintains her books of account from Incomplete Records. Her books provide the following information:
asked
Mar 29, 2019
in
Class 11
by
kratos
class-11
single entry system
accounts from incomplete records
+1
vote
1
answer
Write any two features of double entry system.
asked
Mar 29, 2019
in
Class 12
by
kratos
class-11
theory base of accounting
class-10
single entry system
class-12
accounts from incomplete records
+1
vote
1
answer
Amounts due from customers when goods are sold on credit are called ______
asked
Mar 28, 2019
in
Class 11
by
kratos
class-8
class-11
rectification of errors
single entry system
discount
+1
vote
1
answer
Debtors in the beginning of the year were u200bRs. 30,000, Sales on credit during the year were Rs. 75,000, Cash
asked
Mar 28, 2019
in
Class 11
by
kratos
class-11
single entry system
+2
votes
1
answer
Vikas had just graduated from I.I.M., Bangalore and joined his father’* small business,
asked
Mar 23, 2019
in
Class 12
by
kratos
class-11
class-12
single entry system
physical education
+1
vote
1
answer
Capital of Ganesh Gupta in the beginning of the year was Rs. 70,000. During the year his business earned a profit of Rs. 20,000,
asked
Mar 17, 2019
in
Class 12
by
kratos
class-12
class-11
single entry system
+1
vote
1
answer
From the following particulars, prepare the proprietor’* Capital Account: 1st April, 2017 – Commenced business with cash – Rs. 2,00,000
asked
Mar 17, 2019
in
Class 11
by
kratos
ledger
accounting procedures rules
class-11
accounting equation
single entry system
+1
vote
1
answer
Following information of an accounting year is given: Opening Capital Rs.60,000;
asked
Mar 14, 2019
in
Class 12
by
kratos
single entry system
class-11
class-12
+1
vote
1
answer
Give an example for Closing Entry.
asked
Mar 14, 2019
in
Class 12
by
kratos
isc
cbse
class-11
single entry system
icse
class-12
accounts from incomplete records
+1
vote
1
answer
All costs other than direct materials cost, direct labour cost and direct expenses are known as:
asked
Mar 14, 2019
in
Class 12
by
kratos
cbse
class-8
class-11
class-10
class-12
icse
single entry system
percentage and its applications
analysis of financial statements
+1
vote
1
answer
Mahesh who keeps his books on Single Entry System sells goods at Cost plus 50%. On 1st April, 2017 his Capital was Rs. 4,00,000
asked
Mar 6, 2019
in
Class 11
by
kratos
class-11
single entry system
+3
votes
1
answer
The primary objective of cost accounting is a) Ascertain the cost of goods and services b) Ascertain the profit
asked
Mar 4, 2019
in
Class 12
by
kratos
ledger
cbse
class-11
marketing
single entry system
class-12
+3
votes
1
answer
Mahesh likes purchasing low cost things / goods because of her habit. What is the impact on environment ? Explain.
asked
Feb 18, 2019
in
Class 12
by
kratos
money
class-5
class-11
to the foot from its child
single entry system
consumer protection
class-12
+3
votes
1
answer
Mr. Manu started business with a capital of Rs.4,00,000 on 1st October, 2005. He borrowed from
asked
Feb 14, 2019
in
Class 11
by
kratos
class-11
single entry system
accounts from incomplete records
+1
vote
1
answer
When closing capital is more than the opening capital, it denotes:
asked
Feb 14, 2019
in
Class 12
by
kratos
class-12
single entry system
cbse
+2
votes
1
answer
Ashok and Darshan commenced their business with capital investments of Rs. 80,000 and Rs. 60,000 respectively.
asked
Feb 11, 2019
in
Class 12
by
kratos
class-11
goodwill in partnership accounts
single entry system
class-12
accounting for not for profit organisation
+2
votes
1
answer
Following information is supplied to you by a shopkeeper: During the year, he withdrew Rs 2,500 per month for dometstic purposes.
asked
Feb 10, 2019
in
Class 11
by
kratos
single entry system
class-11
+1
vote
1
answer
From the following balance prepare a Trial Balance:
asked
Jan 31, 2019
in
Class 12
by
kratos
partnership final accounts
trial balance
class-11
single entry system
class-12
reconstitution of partnership
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