P2 C10 Accounts from Incomplete Records — Account STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C10 Accounts from Incomplete Records1 Mark
Question
How many main methods are there to find out profit or loss under Single Entry System? Which are they?
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Answer
Two main methods are there to find out profit or loss under Single Entry System:$ (1)$ Statement of Affairs method $(2 )$ Conversion of Single Entry into Double entry method
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