Accountancy, asked by karthi897, 2 months ago

what are methods of accounting in single entry system ?

Answers

Answered by itzHitman

21

Explanation:

A single entry system of accounting is a form of bookkeeping in which each of a company's financial transactions are recorded as a single entry in a log. This process does not require formal training and is usually used by new small businesses because of its simplicity and cost effectiveness.

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