Accountancy, asked by kunaalojha, 22 days ago

single entry system comparative study is very difficult true or false​

Answers

Answered by dhameliyadhruv8
7

Answer:

in single entry system, incomplete records are maintained while in double entry system complete recording of transactions is there. In single entry system comparison between two accounting periods is very difficult.

Answered by XxyourdarlingxX
29

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Only transactions related to cash and personal accounts are recorded under single-entry system, while transactions related to real and nominal accounts are ignored. Hence, it is difficult to prepare a Trial Balance.

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