explain characteristics of single entry system?
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Explanation:
Characteristics of Single Entry System
Maintenance of Cash Book: Cash Book is prepared and maintained, in which both business and personal transactions are included. Personal Accounts: Only personal accounts are created and maintained, whereas the real and nominal accounts are not given due weight, in this system.
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Explanation:
Characteristics of Single Entry System
Maintenance of Cash Book: Cash Book is prepared and maintained, in which both business and personal transactions are included. Personal Accounts: Only personal accounts are created and maintained, whereas the real and nominal accounts are not given due weight, in this system.
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