A. single entry
B. real accounts
C. nominal accounts
D. double entry
Correct Answer:
Option A – single entry
Explanation
A single entry system records a transaction with a single entry and only maintains one side of every transaction.
A. single entry
B. real accounts
C. nominal accounts
D. double entry
Correct Answer:
Option A – single entry
Explanation
A single entry system records a transaction with a single entry and only maintains one side of every transaction.
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