A disadvantage of single entry system of book-keeping is that

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Accounts - Principles of Accounts WAEC 2017

A disadvantage of single entry system of book-keeping is that 

  • the profit for the period is reduced
  • it is difficult to determine profit for the period checkmark
  • total sales for the period is reduced
  • the owner of the firm withdraws money from the enterprise

The correct answer is: B

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