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.
-Account calculations are performed automatically for greater accuracy
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.
-​Account calculations are performed automatically for greater accuracy
A)​advantage
B)disadvantage

Quizplus · Accepted Answer

The double-entry bookkeeping system does not inherently perform calculations automatically; however, when implemented with accounting software, it can lead to more accurate automatic calculations compared to manual single-entry systems. This is considered an advantage as it reduces human error in calculations.

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

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