Keeping records under single entry system has the advantage of
A. Quality in terms of records B. Simplicity in terms of operation C. Accuracy in terms of operation D. Completeness in terms of records
Correct Answer: B
Explanation
Advantages Of Single Entry System. Single entrysystem does not need any special accounting knowledge and personnel to record financial transaction of the business. It can be maintained easily by the business owner. So, this system of book-keeping is simple to maintain and easy to practice. Â
