Question

Difference b|w single a|c system and double a|c system

Answer 1

single a/c :-  single entry are those which have only one side effect that is                               called single account.

diuble a/c :- double side are those which can both sides effect that  is called                          double account.

Answer 2

The system of accounting in which only one sided entry is required to record financial transactions is Single Entry System. The accounting system, in which every transaction affects two accounts simultaneously is known as the Double Entry System