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.
-No direct linkage between income and the balance sheet
A)advantage of double-entry system over the single-entry system
B)characteristic of the single-entry system

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.
-​No direct linkage between income and the balance sheet
A)​advantage of double-entry system over the single-entry system
B)​characteristic of the single-entry system

Quizplus · Accepted Answer

The lack of direct linkage between income and the balance sheet is a characteristic of the single-entry system, not an advantage of the double-entry system. Double-entry bookkeeping inherently links every transaction to two accounts, ensuring a direct connection between all income/expenses and the balance sheet.

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

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