Give any four disadvantages of Single Entry System.

1.	Give any four disadvantages of Single Entry System.
Answer» Following are the four disadvantages of singly entry system a. Preparation of Trial balance is not possible b. True profit or loss cannot be ascertained c. Difficulty in preparing balance sheet d. No control on assets

Answer»

Following are the four disadvantages of singly entry system

a. Preparation of Trial balance is not possible

b. True profit or loss cannot be ascertained

c. Difficulty in preparing balance sheet

d. No control on assets

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Give any four disadvantages of Single Entry System.

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