single entry system of accounting is incomplete unscientific and unsystematic."Discuss (250) words
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Incomplete records system, also known as a single entry system is not a standard practice like double-entry system based on dual aspect concept. The double-entry system is based on scientific dual aspect concept that makes it possible to scientifically locate any error arising due to emission, omission or clerical mistake. Two sides of the trial balance will not tally if there is an error in the double-entry system.
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single entry system of accounting is incomplete unscientific and unsystematic."Discuss (250) words
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