Subject: Book Keeping and Accountancy
Topic: Single Entry System
shaalaa.com | Single Entry System
- Meaning of single entry system.
- Difference between single entry and double entry system.
2. Preparation of statements
3. Additional information:-
- Additional capital
- Depreciation on fixed Asset
- Bad Debts
- Reserve for Doubtful Debts
- Undervaluation and Overvaluation of Assets and Liabilities
- Interest on loan
- Interest on capital
- Interest on Drawings
- Partners salary
- Outstanding / Unpaid expenses
- Prepaid Expenses/ Expenses paid in advance.