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can company can follow single entry system
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Answer / gagan saini
Single entry system has limitations if adopted somewhere, like it become difficult to trace the error of omission or to verify the truthfulness of balances. Hence SES may be adopted fictitiously but not full proof.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / vikky
According to companies Act,2013 books of accounts must be according to double entry system
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / aisha
Single entry accounting (single entry system, or single entry bookkeeping) is a simple form of bookkeeping and accounting in which each financial transaction is recorded with a single entry in a journal or transaction log.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / suresh pandey
following single entry only small scale industries example - jewelery, provision store -------.
| Is This Answer Correct ? | 0 Yes | 0 No |
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