Question

what is the difference between double entry and single entry system? ​

Answer 1

Answer:

A single Entry System is a bookkeeping system in which only one part of a transaction is recorded, such as debit or credit. A double entry system is a method of recording transactions in which both sides of a transaction are recorded

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Answer 2

A single Entry System is a bookkeeping system in which only one part of a transaction is recorded, such as debit or credit. A double entry system is a method of recording transactions in which both sides of a transaction are recorded.