The accounting system in which only one aspect of transaction is recorded is ____________
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Correct Answer: Option A
Explanation:
The single entry system in accounting is an accounting approach under which every accounting transaction is recorded with only a single entry in the accounting records, centered on the business enterprise's results, which are shown in the statement of income of the company.
The single entry system in accounting is an accounting approach under which every accounting transaction is recorded with only a single entry in the accounting records, centered on the business enterprise's results, which are shown in the statement of income of the company.