(i) A system of book-keeping in which both the aspects of transactions are recorded.
Write a word, term, or phrase which can substitute each of the following statements :
(i) A system of book-keeping in which both the aspects of transactions are recorded.
(ii) Name the method of accounting in which only cash and personal transactions are recorded.
(iii) A statement is similar to the Balance sheet was prepared to ascertain the amounts of closing capital.
(iv) The system of accounting is most scientific and reliable.
(v) Name the statement prepared to find out profit or loss under a single entry system.
5 views
1 Answers
(i) Double Entry System
(ii) Single Entry System
(iii) Closing Statement of Affairs
(iv) Double Entry System
(v) Statement of Profit or Loss
5 views
Answered