Question

The Single entry system of accounting may
be considered as
method of
accounting
Options
Complete and scientific system
Incomplete and unscientific system
Incomplete and scientific
O Complete and unscientific​

Answer 1

Explanation:

Single-entry bookkeeping or single-entry accounting is a method of bookkeeping relying on a one sided accounting entry to maintain financial information. It is known as an incomplete or unscientific method for recording transaction. Most businesses maintain a record of all transactions using double-entry bookkeeping.

Answer 2

Answer:

2. Incomplete and unscientific system.

Explanation:

1. Complete and scientific system.

This option is incorrect because single-entry bookkeeping is not a scientific method of bookkeeping.

2. Incomplete and unscientific system.

This option is correct because single-entry bookkeeping, also known as single-entry accounting, is a type of bookkeeping that uses a one-sided accounting entry to keep track of financial data. It is regarded as an insufficient or unscientific form of transaction recording. Double-entry bookkeeping is used by most firms to keep track of all transactions.

3. Incomplete and scientific.

This option is incorrect because single-entry bookkeeping is not a scientific method.

4. Complete and unscientific​.

This option is incorrect because single-entry bookkeeping is not a complete method.

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