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.
-Formatted screens and built-in databases of patient accounts and vendors allow actions to be performed faster
A)advantage
B)disadvantage

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.
-​Formatted screens and built-in databases of patient accounts and vendors allow actions to be performed faster
A)​advantage
B)disadvantage

Quizplus · Accepted Answer

The double-entry bookkeeping system, by its nature of requiring two entries for every transaction, facilitates more detailed record-keeping and data management. This allows for the use of formatted screens and built-in databases, enhancing efficiency and speed in managing accounts and vendors, which is an advantage over the simpler single-entry system.

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

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