Download App

P1 C1 Accounting and Its Terminology — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C1 Accounting and Its Terminology1 Mark
Question
What is single entry accounting system ?
✓

Answer

Accounting system in which all the financial transactions are not recorded in the books of accounts is known as single entry accounting system.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer In One Or Two Sentence .(1 Marks)" from P1 C1 Accounting and Its Terminology→P1 C1 Accounting and Its Terminology — all question types→Account STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Which balance always have cash account in cashbook?
→
In the company form, what is prepared instead of Trading Account and Profit and Loss Account?
→
Give two illustrations of non-economic transaction.
→
How many methods of preparing trial balance are there? Which are they?
→
Why balance of discount column is not found out, when discount columns are kept ixi the cash book?
→
What is event?
→
Which $GSTS$ are applicable to inter state supply?
→
Which type of expense is depreciation?
→
Write the types of subsidiary books for goods.
→
Under whom entire operations and regulations of $GST$ are done?
→