Accountancy, asked by Dragenous5839, 11 months ago

Suggestion of single entry system book keeping

Answers

Answered by yneetu

The single entry system of record keeping does not include equal debit and credit to the balance sheet and income statement accounts. A single-entry accounting system is not self-balancing. ... A single-entry systemmay consist only of transactions posted in a notebook, daybook, or journal.

Answered by chinnijanu88877

Single entry accounting is a simple form of book Keeping and accounting in which each financial transaction is asingle entry in a journal or transaction log..
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