The single Entry System is not useful for large organizations.
State True or False with reason:
The single Entry System is not useful for large organizations.
4 views
1 Answers
This statement is True.
Under the Single Entry System, only the cash book and personal account of Debtor and Ciygditor are maintained. Real and Nominal accounts are not maintained. It has no proper set of rules to be followed. It is useful for small organisations and not for a large organisations.
4 views
Answered