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Question Practice

What is a major disadvantage of the single entry system over the double entry system?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Theory Base of Accounting
Question Bank

What is a major disadvantage o...

Single Answer MCQ
Q-00053858

What is a major disadvantage of the single entry system over the double entry system?

1

It is more complex to use

2

It lacks information about financial position

3

It is not acceptable by auditors

4

It requires more resources

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