Accountancy, asked by ccmeajr7ana, 1 year ago

. What is meant by single entry system? Distinguish it from Double Entry System. Explain the two methods of ascertaining profit when accounting records are incomplete.

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Answered by bvlbeauty

Single entery means that a particular transaction will have a single affect either on the credit or debit side whereas double entry system will affect both credit and debit sides equally

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