Fill in the Blanks :

(i) In __________ Book-keeping system, only Cash/Bank A/c and Personal accounts of Debtors and Creditors are opened.

(ii) Capital is the difference between _________ and _________

(iii) Single Entry System of Book-keeping is ___________ system of books of accounts.

(iv) ____________ accuracy is not guaranteed under Single Entry System.

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1 Answers

(i) Single Entry

(ii) Assets, Liabilities

(iii) Conventional Accounting

(iv) Arithmetical

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