Under single entry system it is not possible to prepare trail balance . (State True or False)
Answers
Answered by
1
Answer:
true. Explanation:As incomplete records are maintained under this system, it is not possible to prepare a Trial Balance. Only transactions related to cash and personal accounts are recorded under single-entry system, while transactions related to real and nominal accounts are ignored.
Answered by
0
Answer:
True.
Explanation:
Under single entry system it is not possible to prepare trial balance, as it does not record the dual aspect of each transaction .
Similar questions