Question

Write the types of systems of Accounting.​

Answer 1

Answer:

There are two types of accounting systems: The first is a Single Entry System where a small business records every transaction as a line item in a ledger.

• Double Entry System
• Profit & Loss statement.
• General Ledger.
• Chart of accounts.
• Sales tax summary.
• Invoice summary.
• Payment summary.
• Expense reports.

Explanation:

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Answer 2

Answer:

there are 2 types of system accounting

1)single entry system

2)double entry system.

Explanation:

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