Under single entry system, closing capital can be found by preparing a statement of affairs ____________.
A. at the end of the year.
B. at the beginning of the year.
C. at the end of every month.
D. at the end of every quarter.
Answer:A
Under single entry system, closing capital can be found by preparing a statement of affairs ____________.
A. at the end of the year. B. at the beginning of the year. C. at the end of every month. D. at the end of every quarter.