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Do you agree with the following statements?(i) The single Entry System of Book-keeping is a scientific method of books of accounts.(ii) The single Entry System is useful only for large organizations.(iii) Statement of Affairs is just like a profit and loss account.(iv) The difference between Assets and Liabilities is called net profit.(v) The single Entry System follows the golden rules of accounts. |
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Answer» (i) Disagree (ii) Disagree (iii) Disagree (iv) Disagree (v) Disagree |
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