single enter system feature and its bullet points
Answers
Answered by
1
1. Simple method- it is an easy and simple method of recording business transaction because long accounting procedure is not involved in this system.
2. Less expensive- under this system few books are maintained. As such a few staff is required to maintained the books. Hence it is less costly in comparison to double entry system
3. Suitable for small business- As this system is simple and less costly, it is suitable for small business concerns.
4. Saving of time and labour- this system saves time and labour because complete records are not kept.
5. Flexible method- incomplete record system is flexible. It can be adjusted according to the needs of a particular business concern.
I THINK THIS ANSWER HELP U..
Similar questions