Accountancy, asked by siddhshah205, 9 months ago

Amis and objective of single entry

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Answered by ambersaber
0

Answer:

Single entry system is simple to understand and easy to maintain as it has no fixed set of principles to follow while recording financial transactions. Single entry system is an economical system of recording financial transactions. ... Under single entry system, the amount of profit can be determined easily.

Explanation:

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