Advance Accounting

M

Mr. Dubey • 51.43K Points
Coach

Q 31. In single entry system it’s difficult to operate …………….system

(A) Pure single
(B) Single entry
(C) Internal control
(D) Quasi single
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M

Mr. Dubey • 51.43K Points
Coach

Q 32. Most of the farming transactions are transacted on ……………..basis.

(A) Double entry
(B) Creditors.
(C) Surplus.
(D) Cash
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Mr. Dubey • 51.43K Points
Coach

Q 33. In…………………entry system no records are kept for real or nominal Account.

(A) Quasi single
(B) pure single
(C) Simple single
(D) Double entry
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Mr. Dubey • 51.43K Points
Coach

Q 34. Accounting is mainly concerned with the future management planning.

(A) Personal.
(B) Quasi single entry
(C) Pure single entry
(D) Management
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M

Mr. Dubey • 51.43K Points
Coach

Q 35. Under the………………… entry system personal accounts, cashbook and other subsidiary books are kept separately.

(A) Pure single
(B) Quasi single
(C) Simple single
(D) Double entry
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Mr. Dubey • 51.43K Points
Coach

Q 36. Under pure single entry system only……………..Account are kept.

(A) Personal
(B) double entry
(C) Assets
(D) None of these
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Mr. Dubey • 51.43K Points
Coach

Q 37. Single entry constitutes incomplete records rather than single entry

(A) credit.
(B) Profit.
(C) Accounting.
(D) Net profit
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Mr. Dubey • 51.43K Points
Coach

Q 38. In single entry system it’s difficult to detect

(A) Account
(B) Fraud.
(C) Profit.
(D) Gross profit
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Mr. Dubey • 51.43K Points
Coach

Q 39. ……………system of book keeping is the only scientific method to record farming transaction.

(A) Single entry
(B) Double entry
(C) Balance sheet
(D) Adjustment A/c
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Mr. Dubey • 51.43K Points
Coach

Q 40. Dependent branch doesn’t keep any book of account as their entire Accounting work is performed by the head office.

(A) true
(B) may be false
(C) neither true nor false
(D) may be true
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