Identify whether the following description is an advantage of the double-entry bookkeeping system over the single-entry system.Note: Answers may be used more than once.
-Professional courtesy discounts,write-offs,or amounts not paid by insurance
A)charges
B)payments
C)accounts payable
D)adjustments

Question

​Identify whether the following description is an advantage of the double-entry bookkeeping system over the single-entry system.Note: Answers may be used more than once.
-​Professional courtesy discounts,write-offs,or amounts not paid by insurance
A)​charges
B)​payments
C)​accounts payable
D)​adjustments

Quizplus · Accepted Answer

This description refers to adjustments in accounting, which include professional courtesy discounts, write-offs, or amounts not paid by insurance. These are adjustments made to the accounts, which are more systematically recorded in a double-entry bookkeeping system, allowing for a more accurate reflection of the financial state.

​Identify Whether the Following Description Is an Advantage of the Double-Entry

Identify Whether the Following Description Is an Advantage of the Double-Entry