Single entry system contains
A)All the relevant accounts
B)Only personal accounts
C)Real accounts only
D)Personal account and cash book

Name: Single entry system contains A)All the relevant accounts B)Only personal accounts C)Real accounts only D)Personal account and cash book
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Question

Quizplus · Accepted Answer

The single entry system typically involves maintaining only personal accounts and a cash book, omitting the recording of real and nominal accounts in a systematic manner.

Single Entry System Contains