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A disadvantage of single entry system of book-keeping is that
Question 1
Report
A disadvantage of single entry system of book-keeping is that
the profit for the period is reduced
it is difficult to determine profit for the period
total sales for the period is reduced
the owner of the firm withdraws money from the enterprise
Answer Details
Read lesson note on Single Entry And Incomplete Records (WAEC)
Read lesson note on Incomplete Records And Single Entry (JAMB)
Single Entry And Incomplete Records
Incomplete Records And Single Entry
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