1. Generally incomplete records are maintained by-

2. Incomplete records are generally maintained by

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

4. A single-entry bookkeeping scheme is used

5. The opening capital is ascertained by preparing

6. Single Entry System of book keeping is:

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

8. Statement of affairs is a

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

10. Normally single entry system is suitable for:

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

12. Single Entry System can be adopted by

13. Statement of affairs is prepared to-

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

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

16. Accounts which are maintained under single entry system-

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

18. Statement of affairs is prepared to-

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

20. Opening capital is ascertained by preparing