Question

What improvements shall bring in single entry system

Answer 1

Hey mate ✌️✌️

1.When cash book is maintained cash account is not open in the ledger.

2.Cash book is balance just like any other account.

3.Cash book will not have a credit balance, cash in hand, because cash paid cannot exceed cash in hand.


✨ Hope this helps you ✨

Answer 2

$\huge\mathfrak\red{Bonjour\:Mate}$

$\huge\boxed{Answer}$______✌✌