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प्रश्न
State True or False.
Only cash transactions and personal transactions are recorded in Single entry.
विकल्प
True
False
MCQ
सत्य या असत्य
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उत्तर
True
Explanation: Only transactions related to cash and personal accounts are recorded under single-entry system. Real and nominal accounts are ignored. As accounts under single-entry are maintained by small businesses with limited number of transactions, incomplete records are maintained under this system.
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