CBSE  /  Class 11  /  Accountancy  /  Accounts from Incomplete Records

  • 1. 
    A system of accounting which is not based on double entry system is called-

  • Cash system
  • Mahajani system of accounting
  • Incomplete accounting system
  • None of these.

  • 2. 
    Accounts which are maintained under single entry system-

  • Personal accounts
  • Impersonal accounts
  • (a) & (b) both
  • None of these.

  • 3. 
    Statement of affairs is prepared to-

  • Know about assets
  • Know about liabilities
  • Calculate capital
  • Know financial position.

  • 4. 
    Liabilities and assets amount to Rs. 50,000 and Rs. 78,000 respectively. The difference amount will represent-

  • Creditors
  • Debentures
  • Profit
  • Capital.

  • 5. 
    Generally incomplete records are maintained by-

  • Trader
  • Society
  • Company
  • Government.
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