1.
When closing capital is more than opening capital, it denotes:
1 out of 10
2.
Single Entry System of book keeping is:
2 out of 10
3.
If Capital at the end of the year is ₹ 40,000; Capital introduced during the year ₹ 30,000: drawings for the year ₹ 20,000 and loss for the year is 60,000, then Capital at the beginning of the year was:
3 out of 10
4.
Generally accounts under single entry system are maintained by :
4 out of 10
5.
When closing capital is less than opening capital, it denotes:
5 out of 10
6.
Profit = Capital at the end + ? - Capital introduced - Capital in the beginning:
6 out of 10
7.
When closing capital is less than opening capital, it means:
7 out of 10
8.
In case of net worth method of Single Entry System, profit is ascertained by:
8 out of 10
9.
If the gross profit is 20% of cost of goods sold and sales are ₹ 1,00,000; the amount of gross profit will be:
9 out of 10
10.
Given the opening and closing balances of debtors and the figure of credit sales, the balancing figure of Total Debtors Account will give:
10 out of 10
