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15
M: +2.00/-0.50
Which of the following are regarded as features of the single-entry system, generally maintained by small shopkeepers?
(i) Maintenance of transactions related to personal accounts on the double entry basis and Maintenance of transactions related to real and nominal accounts on the single entry basis.
(ii) Maintenance of a cash book with mixed transactions.Normally, both personal and business
transactions are mixed in a cash book.
(iii) From and accounting accuracy of the single-entry system differ from firm.
[SSC CGL 26 Oct 2023 AAO]
A
B
C
D

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