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Which accounting systems are you familiar with?
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Answer Posted / devindra bhattacharya
Accounting approach of AICPA(American Institute Of
Certified Public Accountant) is A+E=L+C+R which proves that
in USA double entry system is followed.Single entry have
been proven unscientific and,therefore,seldom followed in
USA.Rectify me if i am wrong with a valid statement,if
neccesary logical deduction can be given supporting the
statement
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