Home › Bihar Board Class 12 (Commerce) › Accountancy › Accounts from Incomplete Records › Single entry usually keeps which two records?
Single entry usually keeps which two records?
AJournal and balance sheet
BReal and nominal accounts
CTrial balance and ledger
DCash book and personal accounts
Answer & Solution
Correct answer: D. Cash book and personal accounts
Only cash transactions and the accounts of debtors and creditors are normally recorded, not the real or nominal accounts.
Related questions
Under single entry, information is mostly collected from the:Under single entry, some transactions are even:The Kohler definition describes single entry as always being:Under the statement of affairs method, closing stock is found from:A single-entry system is not self-balancing, so arithmetic errors are:Single-entry systems are popular with small businesses because of their:Bills payable of Rs 3,000 were pending; Rs 9,000 more were accepted and Rs 2,000 remain. PA firm held Rs 5,000 of bills receivable, got Rs 12,000 more and holds Rs 4,000 at year en