Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


Defects of single entry system



Defects of single entry system..

Answer / sonali

This system does not track the assets and liabilities
account such as inventory, account receivable and account
payable.

It facilitates the calculation of income but not the
financial position. There is no direct linkage between the
income and the balancesheet.

Errors may go undetected and often are identified through
bank reconciliation statement

Is This Answer Correct ?    15 Yes 1 No

Post New Answer

More Accounting AllOther Interview Questions

agar humne c-form ke against sales ki hai . After 6-month party hamhe goods retun karti hai sath hi wo hamshe sales return amount ka c-form magti hai to kya hum c-form issue kar sakhte hai ya nahi.please give me correct suggestion.

1 Answers  


Pls let me know how to calculate TDS n on what basis is it done

2 Answers  


Telly ERP9 is perfect accounting softwear in excise unit.

0 Answers  


what is CDD’s configuration

0 Answers  


what is a depository?

0 Answers   Mellon,


EXPAND_________VRD

2 Answers  


Is sensex opens in morning with same points with which it was closed on eve of previous day or may its points change in night?

2 Answers  


What is transmission-cum-demat?

1 Answers   Mellon,


What are liabilities

3 Answers  


expand P D F

3 Answers  


You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6

0 Answers   IBM,


what is meant by Reserves

2 Answers  


Categories