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
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advantages of double-entry book-keeping system?
Type your answer here double accout system is the system where all the entry has to be kept as a double. ...
The difference between double account system and double entry systems are noted below: 1. Double account system is necessary only for Govt. service rendering org. but double entry system is applicable for all types of org. 2. In double account system balance sheet is divided into two part ie; Capital Account, and general balance sheet but in double entry system only one balance sheet is prepared.
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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.
The advantage is that windows let light into your house. The disadvantages include that the house can lose heat more quickly through the windows; also, that they provide an additional entry point for thieves.
Type your answer here double accout system is the system where all the entry has to be kept as a double. ...
The difference between double account system and double entry systems are noted below: 1. Double account system is necessary only for Govt. service rendering org. but double entry system is applicable for all types of org. 2. In double account system balance sheet is divided into two part ie; Capital Account, and general balance sheet but in double entry system only one balance sheet is prepared.
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i dont noand i dont carey arnt u tellin me da answer 4
Single entry system is that system in which only one side of entry either debit or credit is recorded while the other side of transaction is ommitted while in double entry system, both side of transactions debit and credit are recorded to complete the business transaction.
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