Question

Usually,in a single entry system

Answer 1

Answer:

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

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.