Exam 19: Single Entry System and Company Ownership

Single entry system cannot be a maintained by:

Which one of is most likely to have the lowest rate of stock turn:

Single entry system of book - keeping is generally followed by:

Credit sale can be obtained by preparing:

Single Entry system has effect:

If a store's mark up is 25% the margin must be:

Who are the real owners of a company?

Preference shares, in case the holders of these have a right to convert their preference shares into equity shares at their option according to the terms of issue, such shares are called :

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

Single Entry system is must suited where:

Equity shares cannot be issued for the purpose of:

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

In single entry system only accounts are opened:

In single entry system profit is calculated as follows:

A Single entry system is usually adopted by:

Company has ……………

Capital can be obtained by preparing:

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

Bad -debts written off always affect the:

If the rate of G.P on sale is 20% and cost of goods, sold is Rs. 100,000, then amount of G.P will be equal to: