Single entry system of accounts is maintained by ______
A)Partnership
B)Company
C)Sole trader
D)None of these

Name: Single entry system of accounts is maintained by ______ A)Partnership B)Company C)Sole trader D)None of these
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Question

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The single entry system of accounts is most commonly used by sole traders due to its simplicity and the lower volume of transactions, as it does not require the maintenance of all the double-entry bookkeeping records.

Single Entry System of Accounts Is Maintained by ______