Accounts From Incomplete Records - 2 - SSC CGL Free MCQ Test with solutions
MCQ Practice Test & Solutions: Test: Accounts From Incomplete Records - 2 (20 Questions)
You can prepare effectively for SSC CGL SSC CGL Tier 2 - Study Material, Online Tests, Previous Year with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Accounts From Incomplete Records - 2". These 20 questions have been designed by the experts with the latest curriculum of SSC CGL 2026, to help you master the concept.
Test Highlights:
- - Format: Multiple Choice Questions (MCQ)
- - Duration: 20 minutes
- - Number of Questions: 20
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To find out the profit, closing capital is to be adjusted by _____ drawings and ___ introduction of fresh capital
Credit purchase can be ascertained as the balancing figure in the ___ account.
A Balance sheet is prepared exclusively on the basis of ________
The opening capital is ascertained by preparing
In single entry system, it is not possible to prepare:
Mr.Vinod a small shop-keeper is using single entry system because____
Credit sale can be obtained by preparing
Cash in hand can be obtained by preparing
A statement of assets and liabilities prepared under the single entry system is called
Which of the following is not a feature of system of single entry system
Net worth of an organization means the excess of its total assets over total:
Bad-debts written off always affect the:
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
This system of accounting is not reliable because
Commission received in advance is to be shown in statement of affairs on
A statement of affairs shows only the _____ financial position of the business
A limited company cannot maintain its accounts under Single entry system because
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