which of the following is not a limitation of single entry system? A. it is a complex method B. arithmetic accuracy cannot be checked C. difficult to ascertain correct profit or loss D. this method is very expensive as compared to double entry system
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Option D - This method is very expensive as compared to double entry system
Explanation:
Well , under Single entry system , the process of ascertaining the Profit / Loss for the financial year is complex and difficult . The arithmetic accuracy may not be correct sometimes . But Single Entry System is cheaper in comparison to double entry system .
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