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