Write a word, term, or phrase which can substitute each of the following statements :

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

(ii) Method of accounting in which real accounts and nominal accounts are not maintained.

(iii) A statement that shows profit or loss of business under a single entry system.

(iv) An accounting system where rules of debit and credit are not followed.

(v) The incomplete method of the accounting system.


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(i) Loss

(ii) Single Entry System

(iii) Statement of Profit or Loss

(iv) Single Entry System

(v) Single Entry System

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