In…………………entry system no records are kept for real or nominal Account.
A)Quasi single
B)pure single
C)Simple single
D)Double entry

Question

Quizplus · Accepted Answer

In a pure single entry system, records are typically only kept for personal accounts, and no comprehensive records are maintained for real or nominal accounts. This system is a simplified form of accounting compared to the double entry system, where every transaction affects at least two accounts.

In…………………entry System No Records Are Kept for Real or Nominal