Question

23. In popular single entry, following books are kept-
a Only cash book
b. Purchase and Sale Book
c. All Ledger account in Ledger
d. All Subsidiary books​

Answer 1

Answer:

only cash book

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Answer 2

In the popular single entry, only the cash book is kept. (Option a)

• In such a system of recording entries, only one side of any transaction is recorded.
• Only the cash inflows and outflows are recorded while following the single entry system.
• There is no such need of maintaining a ledger or purchase/ sale books or other subsidiary books in this system.
• The creditors' and debtors' accounts are also created but no other ledger or books are considered.