Question

how many system of accounting are in accounting ?which one is better and why​

Answer 1

Single Entry System

This system is also known as pure entry system.

Double Entry System

This is the more traditional and conventional system for recording transactions in financial accounting.

Answer 2

q....how many system of accounting are in accounting ?which one is better and why?

ans...two systems of accounting are there..

Systems of Accounting: -Systems of accounting refer to the two systems of recording the financial transactions in the books of accounts. These two systems are the single entry system and the double or dual entry system.

q..which one is better and why

ans.. Cash basis accounting is easier, but accrual accounting portrays a more accurate portrait of a company's health by including accounts payable and accounts receivable. The accrual method is the most commonly used method, especially by publicly-traded companies as it smooths out earnings over time

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