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Question
Answer in one sentence only.
Can a Trial Balance be prepared under Single Entry System?
Solution
Trial Balance cannot be prepared under Single Entry System.
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State True or False with reasons:
Preparation of Trial Balance is not possible under Single Entry System
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Single Entity System is suitable for ________business.
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Under Single Entry System, Profit = Closing Capital Less ______.
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Under Single Entry System, Profit = Closing Capital Less ______.
Under Single Entry System, Profit = Closing Capital Less ______.
Under Single Entry System, Profit = Closing Capital Less ______.
Under Single Entry System, Profit = Closing Capital Less ______.
Under Single Entry System, Profit = Closing Capital Less ______.
