Single entry system cannot be a maintained by:
A)Joint stock company
B)Partnership A/c
C)Sole-tradership A/c
D)All of these

Name: Single entry system cannot be a maintained by: A)Joint stock company B)Partnership A/c C)Sole-tradership A/c D)All of these
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Question

Quizplus · Accepted Answer

Joint stock companies are legally required to maintain a double-entry system of accounting, which provides a complete record of all transactions, making the single entry system inadequate for their needs.

Single Entry System Cannot Be a Maintained By