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Test: Accounts From Incomplete Records - 2 - SSC CGL MCQ


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20 Questions MCQ Test SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - Test: Accounts From Incomplete Records - 2

Test: Accounts From Incomplete Records - 2 for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation. The Test: Accounts From Incomplete Records - 2 questions and answers have been prepared according to the SSC CGL exam syllabus.The Test: Accounts From Incomplete Records - 2 MCQs are made for SSC CGL 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Accounts From Incomplete Records - 2 below.
Solutions of Test: Accounts From Incomplete Records - 2 questions in English are available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Test: Accounts From Incomplete Records - 2 solutions in Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics, notes, lectures and mock test series for SSC CGL Exam by signing up for free. Attempt Test: Accounts From Incomplete Records - 2 | 20 questions in 20 minutes | Mock test for SSC CGL preparation | Free important questions MCQ to study SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL Exam | Download free PDF with solutions
Test: Accounts From Incomplete Records - 2 - Question 1

To find out the profit, closing capital is to be adjusted by _____ drawings and ___ introduction of fresh capital

Test: Accounts From Incomplete Records - 2 - Question 2

Credit purchase can be ascertained as the balancing figure in the ___ account.

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Test: Accounts From Incomplete Records - 2 - Question 3

A Balance sheet is prepared exclusively on the basis of ________

Test: Accounts From Incomplete Records - 2 - Question 4

The opening capital is ascertained by preparing

Test: Accounts From Incomplete Records - 2 - Question 5

A single entry system it:

Test: Accounts From Incomplete Records - 2 - Question 6

Single entry system has effect

Test: Accounts From Incomplete Records - 2 - Question 7

In single entry system, it is not possible to prepare:

Test: Accounts From Incomplete Records - 2 - Question 8

Mr.Vinod a small shop-keeper is using single entry system because____

Test: Accounts From Incomplete Records - 2 - Question 9

Credit sale can be obtained by preparing

Test: Accounts From Incomplete Records - 2 - Question 10

Cash in hand can be obtained by preparing

Test: Accounts From Incomplete Records - 2 - Question 11

Profit is calculated by the formula

Test: Accounts From Incomplete Records - 2 - Question 12

A statement of assets and liabilities prepared under the single entry system is called

Test: Accounts From Incomplete Records - 2 - Question 13

Which of the following is not a feature of system of single entry system

Test: Accounts From Incomplete Records - 2 - Question 14

Net worth of an organization means the excess of its total assets over total:

Test: Accounts From Incomplete Records - 2 - Question 15

Bad-debts written off always affect the:

Test: Accounts From Incomplete Records - 2 - Question 16

If closing owner’s equity is Rs 1,000; opening owner’s equity is Rs. 500; profit is Rs 700, then there must be a ___________ of Rs 200 during the year

Test: Accounts From Incomplete Records - 2 - Question 17

This system of accounting is not reliable because

Test: Accounts From Incomplete Records - 2 - Question 18

Commission received in advance is to be shown in statement of affairs on

Test: Accounts From Incomplete Records - 2 - Question 19

A statement of affairs shows only the _____ financial position of the business

Test: Accounts From Incomplete Records - 2 - Question 20

A limited company cannot maintain its accounts under Single entry system because

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