The single Entry System is based on certain rules and principles.

Question

The single Entry System is based on certain rules and principles.

State True or False with reasons:

Monjur Alahi

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2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

This statement is False.

A single Entry System is an ancient method of recording business transactions. It is a simple method of book-keeping. It is not a scientific and accurate system of Accounting. This system has no proper set of rules to be followed.

5 views Answered 2023-02-05 15:29