Question

write down disadvantages of double entry system of bookkeeping​

Answer 1

Answer:

1. under this method each transactions is recorded in books in two stages and two sides. This results in increase of number and size of books of accounts and creation of complications.
2. it involves time, labor and money. So it is not possible for small concerns to keep accounts under this system.
3. it requires experts knowledge to keep accounts under this system.

Answer 2

Explanation:

1 Disadvantages of double entry system of accounting:

1.1 Not supported by a small business:

1.2 Costly maintenance:

1.3 Complicated system:

1.4 Difficult for corrective actions:

1.5 Failure to disclose some error: