Download App

Single Entry System — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancySingle Entry System1 Mark
Question
Which statement is prepared under the Single Entry system to ascertain the capital balances?
✓

Answer

A statement of Affairs is prepared under a single entry system to ascertain capital balances.

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 Sentence" from Single Entry System→Single Entry System — all question types→Book Keeping & Accountancy STD 11 Commerce / Arts question papers→Maharashtra Board STD 11 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

What is Net Profit?
→
Which transactions are recorded in the Return Inward Book?
→
What is a Bank Book?
→
On which side is interest on bank deposit recorded in Pass Book?
→
Which discount is not recorded in the books of account?
→
What is Personal Account?
→
What is a bank overdraft?
→
What do you mean by one-sided errors?
→
What is the balance of Outstanding Salary A/c?
→
Who is a payee in case of cheque?
→