1. Incomplete records are generally maintained by

2. The opening capital is ascertained by preparing

3. A single-entry bookkeeping scheme is used

4. Single Entry System of book keeping is:

5. Statement of affairs is a

6. If opening capital is Rs.(i)0,000 & closing capital is Rs.(i)5,000 then profit or loss:

7. Statement of affairs is prepared to-

8. Single Entry System can be adopted by

9. Bills Payable honoured during the year will be debited to

10. Generally incomplete records are maintained by-

11. Statement of affairs is prepared to-

12. Accounts which are maintained under single entry system-

13. When closing capital is more than opening capital, it denotes:

14. When closing capital exceeds opening capital, this means:

15. Opening capital is ascertained by preparing

16. Credit purchase, during the year is ascertained by preparing :

17. Accounts are usually held using a single entry scheme by:

18. A system of accounting which is not based on double entry system is called-

19. Normally single entry system is suitable for:

20. Liabilities and assets amount to Rs. 50,000 and Rs. 78,000 respectively. The difference amount will represent-