1. Generally incomplete records are maintained by-

2. Single Entry System can be adopted by

3. Accounts which are maintained under single entry system-

4. When closing capital is more than opening capital, it denotes:

5. Opening capital is ascertained by preparing

6. Statement of affairs is prepared to-

7. Accounts are usually held using a single entry scheme by:

8. When closing capital exceeds opening capital, this means:

9. Normally single entry system is suitable for:

10. Statement of affairs is prepared to-

11. Bills Payable honoured during the year will be debited to

12. If opening capital is Rs.(i)0,000 & closing capital is Rs.(i)5,000 then profit or loss:

13. Statement of affairs is a

14. A system of accounting which is not based on double entry system is called-

15. Credit purchase, during the year is ascertained by preparing :

16. The opening capital is ascertained by preparing

17. Liabilities and assets amount to Rs. 50,000 and Rs. 78,000 respectively. The difference amount will represent-

18. Incomplete records are generally maintained by

19. A single-entry bookkeeping scheme is used

20. Single Entry System of book keeping is: