Maharashtra State BoardHSC Arts 11th
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Answer in one sentence only.Which type of organization generally follows Single Entry System? - Book Keeping and Accountancy

One Line Answer

Answer in one sentence only.
Which type of organization generally follows Single Entry System?

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Solution

A small business organization with limited number of transactions and very few assets and liabilities generally follows the Single Entry System.

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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 10 Single Entry System
Exercise Q.1 | Q 8 | Page 355
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