what is single entry system??
(+_+)
Answers
Answered by
2
Answer:
Single-entry bookkeeping or single-entry accounting is a method of bookkeeping that relies on a one-sided accounting entry to maintain financial information.
Answered by
1
Answer:
Explanation:
A single entry system of bookkeeping is where the transactions of the business affect only one account, i.e. only one account's value will decrease or increase based on the transaction amount. ... The nominal accounts and real accounts are not recognised under this system.
pls mark me brainlyst
Similar questions