The difference between double entry and single entry is
The difference between double entry and single entry is
Double entry is based on the dual concept while single entry is not based on dual concept
Double entry is an account while single entry is not an account
Double entry keeps personal account while single does not
Double entry is useful for business enterprise while single entry is not
Correct answer is A
Double entry is based on dual concept, i.e two-fold aspect of transaction whereby single entry ignored the principle of double entry.
Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNTS \(\be...
Which of the following indicate that a partnership business is in place? (i) There is a busin...
Impersonal account is subdivided into ...
Use the following information to answer the given question. \(\begin{array}{c|c} & & N ...
Capital.....................N? Profit and loss.............N3500 Current assets..............N? C...
The sales day book will show goods sold ...
Which of the following is found in a receipts and payments account? ...