1.

"Single Entry System of book keeping is most incomplete, inaccurate, unscientific and unsystematic." Discuss this statement.​

Answer»

Single entry system does not follow proper accounting rules and principles to record the financial transactions. So, it is UNSYSTEMATIC and unscientific system of recording transactions which cannot be taken as authentic source. ... Therefore, arithmetical accuracy is not possible in the absence of TRIAL BALANCE.



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