Question

Single entry system may be useful for ___.​

Answer 1

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Single-entry bookkeeping is a method for recording your business's finances. You record one entry for every transaction. The single-entry method is the foundation of cash-basis accounting. With the single-entry system of bookkeeping, you mostly record cash disbursements and cash receipts.

Answer 2

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Single-entry bookkeeping is a method for recording your business's finances. You record one entry for every transaction. The single-entry method is the foundation of cash-basis accounting. With the single-entry system of bookkeeping, you mostly record cash disbursements and cash receipts.