Single entry constitutes incomplete records rather than single entry
A)credit.
B)Profit.
C)Accounting.
D)Net profit

Question

Quizplus · Accepted Answer

Single entry system is a method of accounting, not a specific entry related to credit, profit, or net profit. It refers to the practice of recording only one side of each transaction or financial event, which leads to incomplete records compared to the double-entry accounting system.

Single Entry Constitutes Incomplete Records Rather Than Single Entry