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प्रश्न
Answer in one sentence only.
Can a trial balance be prepared under Single Entry System?
एका वाक्यात उत्तर
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उत्तर
As incomplete records are maintained under single-entry system, only few transactions are recorded. Only cash and personal accounts are maintained, whereas real and nominal accounts are ignored. Also, no set rules are followed to record the transactions. Hence, a Trial Balance cannot be prepared.
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