1. Single Entry System can be adopted by

2. Statement of affairs is prepared to-

3. Statement of affairs is a

4. Single Entry System of book keeping is:

5. A single-entry bookkeeping scheme is used

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

7. Statement of affairs is prepared to-

8. Accounts which are maintained under single entry system-

9. The opening capital is ascertained by preparing

10. Generally incomplete records are maintained by-

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

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

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

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

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

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

17. Incomplete records are generally maintained by

18. Normally single entry system is suitable for:

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

20. Opening capital is ascertained by preparing