i. Statement of Affairs is just like ______ ii. Under Single Entry System, Profit = Closing Capital Less _______

Fill in the Blank:

i. Statement of Affairs is just like ______

ii. Under Single Entry System, Profit = Closing Capital Less _______

iii. In order to find out the correct profit, drawings are _______ to the closing capital.

iv. In ________ Book Keeping System, in every business transactions we find two effects.

v. The difference between Assets and Liabilities is called __________

vi. Single Entry System is more popular for __________

vii. Additional Capital introduced during the year is _____ from Closing Capital in order to find out the correct profit.

viii. Single Entry System is Suitable for _____business.