1.

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.

Answer»

(i) Disagree

(ii) Disagree

(iii) Disagree

(iv) Disagree

(v) Disagree



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