Double entry system - class-XI
Lenders can study the creditworthiness of the business firm with the help of books of accounts.
Book-keeping enables investors to take a decision whether to invest or not.
Various departments of government will be able to find out the taxes due from various sources with the help of books of accounts.
Book-keeping does not help the owners to find out profit, losses, assets and liabilities.
For which of the following adjustments would a reversing entry facilitate book-keeping procedures?
According to the double entry system of accounting, an account that obtains benefit is __________.
There are ______ systems of keeping records.
Which of the following is/are merit of double entry system?
In Double Entry System, if one account is debited the other account must be credited with equal amount.
Book-keeping is helpful for ___________.
The job of recording transaction has been called as "Book-keeping"
Book-keeping helps the management in _____________.
Which of the following is/are the advantage of double entry system of book-keeping?
How many books are prepared under conventional accounting system?
In double entry system of book-keeping, one is receiver of benefit and other is giver of benefit.
The credit of evolving the present Double Entry Book-Keping System goes to a philosopher turned mathematician, Italian merchant ''Luca D Bargo Pacioli'' in 1494.
Which method of book keeping guranteed arithmetical accuracy?
Filing is an important aspect of ____________.
Double entry system of book-keeping refers to a system where, _____________________.
Double entry book keeping system is most scientific system of recording business transactions.
The Double Entry System of accounting originated in _________.
Double Entry Principle means _____________________.
In double entry system of book-keeping every business transaction affects _____________.
The accounting system which records both the aspects i.e. debit and credit, of all the transactions is known as _____________.
In double Entry system of Book-keeping every business transaction affects __________.
The system of recording transactions based on dual aspect concept is _____________.
The term "Double Entry System" implies that __________.
State with reasons whether the following statement is true or false.
Revenue are matched with expenses in accordance with the matching principle.
State with reasons whether the following statement is true or false.
In double account, all business transactions are recorded as having dual aspect.
In double entry system of book-keeping every business transaction affects ________________________.
Which system of accounts recognizes the fact that every transaction has two aspects and records both aspects of each and every transaction?
Which of the following is/are merit of double entry system?
As per the provisions of the Companies Act, 2013, companies must maintain their accounts under __________________.
If salary is given to proprietor ___________.
When the final accounts are being prepared for a firm in respect of adjustments __________________.
Double Entry principle means __________________.
The correct concept of double entry book keeping states that ____________________.
The accounting entries for recording Rs.10,00,000 cash introduced by the owner of a business is ______________.
When a liability is reduced or decreased, it is recorded on the ______________.
Double entry in cash book is completed when _________________.
As the book keeper, identify the account to which you will post the following transaction recorded by the Cashier in the cash account:
Rs. 500 paid to buy a cash book and ledger book _________________.