A disadvantage of single entry system of book-keeping is ...
A disadvantage of single entry system of book-keeping is that
The profit for the period is reduced
It is difficult to determine profit for the period
Total sales for the period is reduced
The owner of the firm withdraws money from the enterprise
Correct answer is B
No explanation has been provided for this answer.
The claim on the assets of a business by outsiders is ...
Which of the following is recorded on the debit side of the Trial Balance? ...
Which of the following does not relate to government accounting system? ...
Use the following information to answer the given question. \(\begin{array}{c|c} & & N ...
Receipts and Payment Account (Extract) &nbs...
When a shareholder fails to pay the calls requested from him, this situation leads to ...
Which of the following events increases a corporation's shareholders equity? ...