Drawings made during the year decrease the profit under the Single Entry System.

1 Answer

Answer :

State True or False with reasons: Drawings made during the year decrease the profit under the Single Entry System.

Related questions

Description : Under single Entry system, Profit = Closing Capital less __________ 

Last Answer : Under single Entry system, Profit = Closing Capital less __________ (a) Opening Capital (b) ... Assets (c) Opening Liabilities (d) Drawings

Description : A statement of __________ is to be prepared in under to find out profit or loss under a single entry system. 

Last Answer : A statement of __________ is to be prepared in under to find out profit or loss under a single entry system ... (c) Revenue (d) Profit or Loss

Description : Which statement is prepared under the single entry system to ascertain profit?

Last Answer : Which statement is prepared under the single entry system to ascertain profit?

Description : State whether drawings increase or decrease owner’s equity.

Last Answer : State whether drawings increase or decrease owner’s equity.

Description : The devices that used to give single or multiple colored images and drawings are ____________ a) Monitors b) Printers c) Plotters d) VDUs

Last Answer : Answer: c Explanation: Plotters are the devices which are used to give colored images. They use ink pens or ink jets for drawing. Pens of different colors and shades are used for shading and styling

Description : Long-term equilibrium of an Industry under a perfectly market conditions in achieved when (a) All the firms are earning normal profit ; (b) All the firms are in equilibrium ; (c) There is no further entry or exit of firms from the industry ; (d) All the three

Last Answer :  (d) All the three

Description : Give journal entry for adjusting profit made due to change in method of depreciation.

Last Answer : It can only be achieved by reducing rate of Dep retrospectively.

Description : Which statement is true? 1) The balance of payments depends on the principle of double-entry accounting. 2) Decrease in assets and increase in liabilities of net worth represent credits or sources of funds. 3) The balance of ... period of time. A. Only 1 B. Only 2 C. Only 3 D. 1, 2 and 3

Last Answer : D. 1, 2 and 3

Description : How is closing capital calculated under a single entry system?

Last Answer : How is closing capital calculated under a single entry system?

Description : Under Single Entry System only ________ are opened. 

Last Answer : Under Single Entry System only ________ are opened. (a) Cash and Personal Accounts (b) Real ... c) Nominal Accounts (d) Real and Nominal Accounts

Description : (i) Excess of opening capital over closing capital of proprietor under single entry system.

Last Answer : Write a word, term, or phrase which can substitute each of the following statements : (i) ... (v) The incomplete method of the accounting system.

Description : Detailed records of goods held for resale are not maintained under a a. perpetual inventory system. b. periodic inventory system. c. double entry accounting system. d. single entry accounting system.

Last Answer : b. periodic inventory system.

Description : Drawings made by the businessman increase his capital.

Last Answer : State whether the following statement are true or false with reason : Drawings made by the businessman increase his capital.

Description : My 11 year old sister says lit all the time and bothers me with rubbish drawings and stupid quotes. I can't ignore her.?

Last Answer : First of all, why don't you go out somewhere to avoid her? Try to hangout more with your friends and stay away from her the most. Also, I think she just need some attention, so why don't you go to ... think of is to bribe her. Tell her that you're going to give her something she likes if she stops.

Description : In a pure monopoly firm a firm can make abnormal profit at the long run equilibrium level due to (a) Price discrimination;(b)Cost effectiveness ; (c) Banned entry of new firms ; (d) Sales promotion

Last Answer : (c) Banned entry of new firms ;

Description : In the short run if the price is above the average total cost in a monopolistic competitive market, the firm makes (a) Profits and new firms join the market ; (b) Profit and bar entry to new firms; (c) Makes losses and exit the market ; (d) Quick profit and disappears

Last Answer : (a) Profits and new firms join the market ;

Description : Do you have any photos, drawings, or scribbles you'd like to share?

Last Answer : I painted my avatar.

Description : Do you think children's drawings can give one an insight into things that might be happening in their lives that you might not know about otherwise?

Last Answer : LOL

Description : Would you please help me in finding a book of Japanese/Chinese style drawings/paintings of tigers, peacocks and things of that sort?

Last Answer : In a quick search, I found several sources of Japanese screen paintings, both in books and just in online images. Your best search keyword might be “screens.” Combine it with “Japanese” or “Chinese” and maybe “paintings” or “animal paintings.” Also try “byobu” paired with “animals.”

Description : Why is it that when I'm printing photos, they come out clear, but when I print drawings and oil paintings off Google Images, they come out slightly pixilated?

Last Answer : Images designed for screens typically use 72 dpi (dots per inch), whereas print typically uses 300 dpi. This could be part of the explanation.

Description : How to shade in pencil drawings to make them look realistic?

Last Answer : answer:You can use different levels of hardness for your pencils. Many times they are sold in sets of different types so you can buy a few different kinds and experiment. To a certain extent it depends on ... 3B It is my Mercedes of pencils. I love it!!! I also recommend getting a kneaded eraser

Description : Do you win prizes when you enter raffles, drawings or contests?

Last Answer : My mom used to win stuff all the time! If there was a door prize at a party, she would win it most of the time. She did fairly well with scratch-off lottery tickets, though she never won a big jackpot ... for me once. A five-foot tall blue teddy bear. I was seven and that thing looked huge to me!

Description : Does anybody know an easy way to draw your own electrical/electronic diagrams in ladder or schematic drawings on your computer?

Last Answer : here is some software that claims to allow you to draw your own circuits, it also claims to be free. however as i have never used it my self i cant say for sure.

Description : Favorite new artist (paintings, drawings, sculptures; any artistic medium)?

Last Answer : I think his name is Leonida fremov ?? Not sure… look him up… His paintings and use of colors is AMAZING. He’s my top favorite.

Description : What are some good nibs and markers for ink drawings?

Last Answer : In all honestly, I have yet to find anything truly better than India ink and watercolor brushes. They offer an excellent degree of control and variety. There are special brushpens in japan that you suck up ... 're called, though, as my best friend brought mine back from japan on an art school trip.

Description : A few months ago, I came across some works by an artist who did line drawings. He had a piece which I really liked but now I can't remember the artist's name.

Last Answer : Sounds like Calder. From the foundation website.

Description : Who knows how to find artists doing chalk street drawings?

Last Answer : Wow, I was going to say my daughter but I didn’t know about this competition. I think it’s an awesome idea and I hope you get valuable information. Good luck!

Description : Where can I find Chinese zodiac drawings?

Last Answer : Probably not the style you're looking for, but clicking on the links at http://en.wikipedia.org/wiki/Chinese_zodiac#The_twelve_animals gives you stylized pictures.

Description : Hello ... Do you know any good program for creating a drawing in which you can then draw .. convert to 3D? ... Or draw straight in 3D? ... Not too complicated ... but also no sharpener .. .placeny nebo free to je fuk ... Diky vsem ... ell ☢ ☠ ☣ ☠ ☣ ☠ ☣ ☠ ☢

Last Answer : you can use for example Google Sketchup or Blender or choose at slunecnice.cz

Description : What are the disadvantages and advantages of exploded view drawings?

Last Answer : advshows all components in order of assembly within the overall product. This will also allow exposure of hidden parts of the product that will allowed to be visible when in full assembly you ... showing how they're assembled together making the user think its very simplistic and easy to install.

Description : Why it is important to use a fixed common reference point for dimensioning of drawings and sketcher?

Last Answer : Need answer

Description : What is the procedures for reporting discrepancies in the data or documents and for reporting lost or damaged drawings and documents?

Last Answer : Need answer

Description : What the types of engineering drawings used and how they interrelate (such as isometric and orthographic drawings assembly submersible and general arrangement drawings circuit and wiring diagrams?

Last Answer : Need answer

Description : Why technical information is presented in different forms (such as drawings data sheets and national and international standards)?

Last Answer : Need answer

Description : What are the drawings on the Egyptian temples called?

Last Answer : hieroglyphs

Description : What are the procedures for reporting discrepancies in the data or documents and for reporting lost or damaged drawings and documents?

Last Answer : I feel the best way to to ask sito or ohone a friend

Description : In contour drawings crossing lines is called what?

Last Answer : depth

Description : How do you obtain and interpret drawings and other documents needed for the maintenance activities?

Last Answer : Feel Free to Answer

Description : In contour drawings crossing lines is called what?

Last Answer : depth

Description : What is a portable case for holding papers drawings?

Last Answer : A "briefcase" is used for holding/carrying papers. A "portfolio" is used for holding/carrying artwork and photographs. The use of these cases is interchangeable.

Description : The goods taken by the proprietor from the shop is debited to– (A) Shop account (B) Goods account (C) Capital account (D) Drawings accounts

Last Answer : Answer: Drawings accounts

Description : As shown in the illustration, the symbol is used in electrical drawings to designate a ____________. EL-0026 A. limit switch with one set of normally open contacts B. maintaining type ... type push button with a mechanical interlock D. normally closed contact held open mechanically by an interlock

Last Answer : Answer: C

Description : As shown in the illustration, which of the drawings depicts a typical transistor? EL-0076 A. A B. B C. C D. D

Last Answer : Answer: B

Description : A planning phase for an engineering component generated 80 engineering drawings. The QA team randomly selected 8 drawings for inspection. This exercise can BEST be described as example of: A. Inspection B. Statistical Sampling C. Flowcharting D. Control Charting

Last Answer : B. Statistical Sampling

Description : .A planning phase for an engineering component generated 80 engineering drawings. The QA  team randomly selected 8 drawings for inspection. This exercise can BEST be described as  example of: A. Inspection B. Statistical Sampling C. Flowcharting D. Control Charting

Last Answer : B. Statistical Sampling

Description : What Is Remote Mount With Mta Option? (in Case Of Dual Sensor Vortex Flowmeter, Rosemount Has Written In Its Catalog Drawings)?

Last Answer : Remote mount with MTA means MTA connector for mounting remote connection. MTA is the Connector used for connection. Generally we called it MTA Connector. There are many types of MTA connector such as MTA 100connectors, Mta 156 connectors etc.

Description : What BSEN standard is used for welding symbols on drawings? a) BS EN 970 b) BS EN 287 c) BS EN 22553 d) BS EN 4515

Last Answer : c) BS EN 22553

Description : Anything on a page that is not actual text, from simple line drawings to fully active images found on the World Wide Web. A. Graphics B. Lossless C. Lossy D. Pixels

Last Answer : A. Graphics

Description : According to which concept, the proprietor pays interest on drawings a) Accrual concept b) Conservatism concept c) Entity concept d) Dual Aspect concept

Last Answer : c) Entity concept

Description : Value of goods withdrawn by the proprietor for his personal use should be credited to ____ a) Capital A/c b) Sales A/c c) Drawings A/c d) Purchases A/c

Last Answer : d) Purchases A/c