Q. In single entry system it’s difficult to operate …………….system
✅ Correct Answer: (C)
Internal control
Advance Accounting MCQs and Notes
Q. Most of the farming transactions are transacted on ……………..basis.
✅ Correct Answer: (D)
Cash
Q. In…………………entry system no records are kept for real or nominal Account.
✅ Correct Answer: (B)
pure single
Q. Accounting is mainly concerned with the future management planning.
✅ Correct Answer: (D)
Management
Q. Under the………………… entry system personal accounts, cashbook and other subsidiary books are kept separately.
✅ Correct Answer: (B)
Quasi single
Q. Under pure single entry system only……………..Account are kept.
✅ Correct Answer: (A)
Personal
Q. Single entry constitutes incomplete records rather than single entry
✅ Correct Answer: (C)
Accounting.
Q. In single entry system it’s difficult to detect
✅ Correct Answer: (B)
Fraud.
Q. ……………system of book keeping is the only scientific method to record farming transaction.
✅ Correct Answer: (B)
Double entry
Q. Dependent branch doesn’t keep any book of account as their entire Accounting work is performed by the head office.
✅ Correct Answer: (A)
true