Multiple Choice
Under single entry system details of
A) Expenses will not be available
B) Revenues will not be available
C) Expenses and revenues will not be available
D) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q43: Income and expenditure Account shows a balance
Q44: Non-trading organization prepares<br>A)Income and Expenditure A/c<br>B)Trading and
Q45: Credit purchase is determined by preparing<br>A)Purchase Account<br>B)Debtor's
Q46: Outstanding subscription is a/an<br>A)Income<br>B)Asset<br>C)Liability<br>D)None of these
Q47: Credit sales can be ascertained by preparing<br>A)Creditors
Q49: Income and Expenditure A/c reveals<br>A)Cash in hand<br>B)Surplus
Q50: Under single entry system, certain transactions are
Q51: Out of the following items, which one
Q52: The minimum share application money is<br>A)Rs.5 per
Q53: The content of single entry system is<br>A)Double