Related InterviewSolutions

• Write the main characteristics of single entry system.
• What are the terminologies used in Mahajani Bahi khata system? Exmpain them.
• Write three weaknesses of Single Entry System of book-keeping.
• Give the limitation of accounting.
• Why could the Mahajani system of accounting not make much headway?
• How is book-keeping an ‘art’?
• By which method of book-keeping can the exact financial position not be known?
• How is book-keeping a science?
• Who does the work of book-keeping in the initial stages?
• Account records can be produced in a court of law as (a) Statement of accounts (b) Record of financial institutions (c) A method of Book keeping (d) Evidence (Proof)