What are dis-advantages of single entry system?

1.	What are dis-advantages of single entry system?
Answer» The important de-merits of incomplete records are a. Under incomplete records arithmetical accuracy cannot be checked b. Due to incomplete records, there will be scope and mis appropriation of funds. c. Not possible to finitude true profit or loss of a business concern. d. It never disclose correct financial position of a business concern. e. This system not reliable by legal authority.

Answer»

The important de-merits of incomplete records are

a. Under incomplete records arithmetical accuracy cannot be checked

b. Due to incomplete records, there will be scope and mis appropriation of funds.

c. Not possible to finitude true profit or loss of a business concern.

d. It never disclose correct financial position of a business concern.

e. This system not reliable by legal authority.

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