Top 50+ Solved Single Entry System MCQ Questions Answer
Q. They record a few translation completely just like the double entry system but a majority of the transactions are recorded only partially is known as incomplete records.
a. true
b. false
c. both a and b
d. none of the above
Q. Under single entry system the profit and loss can be found out and also it’s comparison will be available.
a. true
b. false
c. both and b
d. only false
Q. Profit and losses can’t be ascertained because Trading and Profit and loss account can’t be prepared.
a. true
b. false
c. may be true
d. may be false