Keeping records under single entry system has the advanta...
Keeping records under single entry system has the advantage of
Quality in terms of records
Simplicity in terms of operation
Accuracy in terms of operation
Completeness in terms of records
Correct answer is B
Advantages Of Single Entry System. Single entry system does not need any special accounting knowledge and personnel to record financial transaction of the business. It can be maintained easily by the business owner. So, this system of book-keeping is simple to maintain and easy to practice.
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\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock of raw materials} & 24,750\\ \tex...