Accountancy, asked by saab47300, 7 months ago

two limitation of single entry system

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Answered by Anonymous

0

Disadvantages Of Single Entry System. ... Single entry system is incomplete system because it does not record the two aspects or accounts of all the financial transactions of the business. It does not maintain any record of the transactions relating to the nominal account and real account except cash account.

Answered by Nivedita4209

3

Answer:

Disadvantages Of Single Entry System. ... Single entry system is incomplete system because it does not record the two aspects or accounts of all the financial transactions of the business. It does not maintain any record of the transactions relating to the nominal account and real account except cash account.

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