Accountancy, asked by saicharan4982, 1 year ago

What is objective of single entry system

Answers

Answered by Anonymous
3
Good morning mate!!!!!!
It's your answer**************

Objectives of single entry system are as follows::::----------------------

1*** It is used up in the simplicity ...

2*** A single entry system have to based on the income statements....

3*** They just focus on the results of business.....

4*** They should utilized for manual book keeping system....

5*** To have an knowledge of preparing trading balance sheets....

Done:-) Hope it will help u...
Answered by sami91
5
Hey there !

Single Entry System objectives. A system of book - keeping in which both the aspects of transaction are recorded. A system of accounting which is not scientific. Name the method, in which only cash and personal transactions are recorded.

Hope it helps you !

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