Accountancy, asked by shakirmeer926, 2 months ago

what are the limitations of single entry system​

Answers

Answered by medhavikumari22
0

Answer:

Limitations of Single Entry:

Full information about the business cannot be obtained because incomplete records are maintained.

The arithmetical accuracy of the accounts (i.e., Trial Balance) cannot be tested in the absence of Double Entry.

Explanation:

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