An organization which has records of only personal accounts is said to be operating on...
FINANCIAL
JAMB 2016
An organization which has records of only personal accounts is said to be operating on the basis of
- A. single entry
- B. real accounts
- C. nominal accounts
- D. double entry
Correct Answer: A. single entry
Explanation
A single entry system records a transaction with a single entry and only maintains one side of every transaction.
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