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

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

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

4. Incomplete records are generally maintained by

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

6. Statement of affairs is prepared to-

7. Opening capital is ascertained by preparing

8. The opening capital is ascertained by preparing

9. Single Entry System can be adopted by

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

11. Statement of affairs is prepared to-

12. Accounts which are maintained under single entry system-

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

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

15. Statement of affairs is a

16. A single-entry bookkeeping scheme is used

17. Single Entry System of book keeping is:

18. Normally single entry system is suitable for:

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

20. Generally incomplete records are maintained by-