Question

Example of single entry system(cooperative account

Answer 1

Answer:

Single entry system example: such accounting system is pretty good to maintain records related to cash, account payable, receivables, taxes paid account and few other accounts.

Answer 2

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Single Entry Format / Single Entry Example: An oldest form of single entry bookkeeping system is cash book. Let’s take a example of single entry system format from cash book to further understand single entry accounting system. F. No. Date Description Income Expense Inventory Salaries 01-Apr Balance b/d Rs. 45,000 Rs. 17,000 Rs. 9,300 Rs. 12,500 E011 08-Apr Utilities Purchased Rs. 3,400 E012 12-Apr Merchandise Rs. 17,300 E013 17-Apr Wages Paid Rs. 9,000 23-Apr Bank deposit Rs. 22,700 E014 27-Apr Supplies Rs. 5,200 30-Apr Balance c\d Rs. 67,700 Rs. 25,600 Rs. 26,600 Rs. 21,500 Single Entry System Problems and Solutions: There are various different single entry system problems associated with.

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