Accountancy, asked by 2020BMA53kalaivani, 4 months ago

explain single entry system of book keeping​

Answers

Answered by SoorajSunilkumar
1

Answer:

Single-entry bookkeeping or single-entry accounting is a method of bookkeeping relying on a one sided accounting entry to maintain financial information.

Explanation:

It is known as an incomplete or unscientific method for recording transaction. ... Most businesses maintain a record of all transactions using double-entry bookkeeping.

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