Single entry system of book - keeping is generally followed by:
A)Small business
B)Non - trading
C)Large business
D)None

Name: Single entry system of book - keeping is generally followed by: A)Small business B)Non - trading C)Large business D)None
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Question

Quizplus · Accepted Answer

The single entry system of bookkeeping is typically followed by small businesses due to its simplicity and lower cost compared to the double entry system, which is more suitable for larger, more complex organizations.

Single Entry System of Book - Keeping Is Generally Followed