Question

Single Entry system of maintaining accounts
cannot be followed by
O Sole Proprietory
O Partnership Firm
O Limited Company
O Professional
!
This is a required question​

Answer 1

Answer:

Answer: Under Single entry System only personal accounts and cash A/c are opened. Explanation: Real and nominal accounts are not maintained under single-entry system. Only personal and cash accounts and the cash and credit transactions (related to personal accounts) are recorded under this system.

Answer 2

Answer:

Under Single entry System only personal accounts and cash A/ c are opened. Explanation: Real and nominal accounts are not maintained under single-entry system. Only personal and cash accounts and the cash and credit transactions (related to personal accounts) are recorded under this system.

Explanation:

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