1. Single Entry System can be adopted by

2. Statement of affairs is a

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

4. The opening capital is ascertained by preparing

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

6. Generally incomplete records are maintained by-

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

8. Statement of affairs is prepared to-

9. Accounts which are maintained under single entry system-

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

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

12. Opening capital is ascertained by preparing

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

14. Incomplete records are generally maintained by

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

16. Normally single entry system is suitable for:

17. Single Entry System of book keeping is:

18. Statement of affairs is prepared to-

19. A single-entry bookkeeping scheme is used

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