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प्रश्न
Write the word / term / phrase which can substitute the following Statement.
Name the method in which only cash and personal transactions are recorded.
एक शब्द/वाक्यांश उत्तर
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उत्तर
Single entry system
Explanation: Under single-entry system, only cash and personal accounts are maintained, while real and nominal accounts are ignored. It is an incomplete and unscientific system, as incomplete accounts are maintained with no proper rules adopted for recording of transactions.
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