The main features of the single system are that?
...The main features of the single system are that?
Books of accounts are not maintained and business relies only on bank statement
The journal records are absent and only the main ledger is kept 7
There are incomplete classifications and recording procedures
Only credit sales transactions and credit purchase are recorded
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a debit entry in the Bought Ledger? ...
A credit entry is made in the plant and machinery account for the ...................... ...
Lighting..................N2925 Rent......................N2640 Salary....................N4050 ...
A partnership deed is used to____________ ...
The main objective of accounting report is to provide information about? ...
In an incomplete record system a trading account cannot be prepared until the ...
Income received in advance is treated in the balance sheet as a ...