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can company can follow single entry system

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can company can follow single entry system..

Answer / gagan saini

Single entry system has limitations if adopted somewhere, like it become difficult to trace the error of omission or to verify the truthfulness of balances. Hence SES may be adopted fictitiously but not full proof.

Is This Answer Correct ?    4 Yes 1 No

can company can follow single entry system..

Answer / shanthi

yes

Is This Answer Correct ?    3 Yes 1 No

can company can follow single entry system..

Answer / vikky

According to companies Act,2013 books of accounts must be according to double entry system

Is This Answer Correct ?    2 Yes 0 No

can company can follow single entry system..

Answer / aisha

Single entry accounting (single entry system, or single entry bookkeeping) is a simple form of bookkeeping and accounting in which each financial transaction is recorded with a single entry in a journal or transaction log.

Is This Answer Correct ?    1 Yes 0 No

can company can follow single entry system..

Answer / suresh pandey

following single entry only small scale industries example - jewelery, provision store -------.

Is This Answer Correct ?    0 Yes 0 No

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