accounts from i...

A statement similar to balance sheet is nothing but the _________.

Profit under single entry system of Book Keeping means ______________.

Rs. 19,500 debited to building repairs on 31 st Dec. 1993 inclined Rs. 9,500 as the cost of building a small room for the watch man. A bill of Rs. 800 for colour wash of the whole building during the year was not received till  Dec. 1993. The amount to be debited to profit and loss account would be _____________.

Company accounting conforms more to dual aspect concept than to incomplete recording system because.
I. Companies Act insists upon the adoption of double entry systems of book keeping.
II. Balance sheet could not be prepared under sec. $$211$$ of Company's Act according to the incomplete recording system
III. To show true and fair view of the affairs of the company
IV. To ensure adequate disclosure.
Select the correct answer from the codes given and mark your answer sheet accordingly.

The Receipts and Payments A/c would begin with ___________ balance.

Excess of closing capital over opening capital of proprietor under single entry system. 

An excess of assets over liabilities is called as ________.

Excess of opening capital over closing capital of proprietor under single entry system is called __________.

Method of accounting in which nominal accounts are not maintained  is ____________.

Profit as per accounts from incomplete records may be constructed as equivalent of _____________.