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advantages of double-entry book-keeping system?
Tel me also advantages and disadvantages of Oligopoly?
Advantages Your hands are kept free. you dont have to type things in
The disadvantages are:- 1. It is time-consuming. 2. Specialist knowledge is needed to perform double-entry 3. A businesses administration costs will increase due to the need to recruit a book keeper.
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Advantages of storing data in a spreadsheet include easy organization, quick data entry, and customizable formatting options. However, disadvantages may include limited data handling capabilities, potential for errors in manual data entry, and restrictions on collaborative editing.
The advantages of the redevelopment of the London Docklands were the removal of abandoned structures, creation of new jobs, and a cleanup effort for the environment. Disadvantages include overpriced housing, loss of entry level jobs, and heavy congestion in the area.
The business expenses will increase because the business will have to recruit a professional book keeper to produce an accurate double-entry account. If you don't know what you doing, then it will be easy to make mistakes. Plus it can take long period of time to find a mistake Time consumer- every transaction must be entered two times Produced by Adil Ferej
state the principles of double entry
Contra entry
Double Entry Accounting is introduced by Lucas Paciolli
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