Q- List any three advantages of single-entry system ?
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Advantages of Single Entry System
Easy to understand: A single entry system is very easy to understand even a layman can understand. ...
Cost-effective: In single entry system we not require any accountant and chartered accountant for audit the account so the cost is very less cooperative to double-entry book-keeping system.
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Easy to understand: A single entry system is very easy to understand even a layman can understand. ...
Cost-effective: In single entry system we not require any accountant and chartered accountant for audit the account so the cost is very less cooperative to double-entry book-keeping system.
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