Question

what is double entry system and single entry system ?​

Answer 1

Answer:

The bookkeeping system in which only one aspect of a transaction is recorded, i.e. either debit or credit, is known as Single Entry System. Double Entry System, is a system of keeping records, whereby both the aspects of a transaction are captured. ... Single Entry System maintains personal and cash accounts.

Explanation:

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Answer 2

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The bookkeeping system in which only one aspect of a transaction is recorded, i.e. either debit or credit, is known as Single Entry System. Double Entry System, is a system of keeping records, whereby both the aspects of a transaction are captured. ... Single Entry System maintains personal and cash accounts.

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