Write three weaknesses of Single Entry System of book-keeping.
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Disadvantages Of Single Entry System. ... Single entry system is incomplete system because it does not record the two aspects or accounts of all the financial transactions of the business. It does not maintain any record of the transactions relating to the nominal account and real account except cash account.
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Disadvantages Of Single Entry System
Unscientific And Unsystematic.✔️
Incomplete System. ✔️
Lack Of Arithmetical Accuracy. ✔️
Does Not Reflect True Profit Or Loss. ✔️
Does Not Reflect True Financial Position.✔️
[I hope help ✔️✌️❤️
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