Keeping records under single entry system has the advantage of
FINANCIAL
JAMB 2015
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. Simplicity in terms of operation
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.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *