In single entry system it's difficult to detect
A)Account
B)Fraud.
C)Profit.
D)Gross profit

Name: In single entry system it's difficult to detect A)Account B)Fraud. C)Profit. D)Gross profit
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

In a single entry system, it's difficult to detect fraud because this system does not maintain all the necessary records systematically, such as both sides of each transaction (debits and credits). This lack of comprehensive record-keeping makes it easier for fraudulent activities to go unnoticed.

In Single Entry System It's Difficult to Detect