Question

Arithmetical accuracy can't be checked in single entry. (State True or False)

Answer 1

True
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Answer 2

Answer

Yes, it is true that arithmetic accuracy cannot be checked in a single entry system.

Explanation:

The single entry system of books of accounts being unscientific and unsystematic method is not suitable for many purposes.

The drawbacks of this system include no arithmetic accuracy, no true financial position, it is not acceptable by tax authorities, etc.

The dual entry system is preferred over the single entry system of books of accounts.