Describe the limitations of single entry system?

Answer:
Single entry only records income and expenditure on a cash basis. It does not show how each transaction was made whether it was cash or credit. So it would nit be suitable for large companies. You tend to only see single entry for the self employed or small non-profit sports clubs.
First answer by Andrew Bushell. Last edit by Andrew Bushell. Contributor trust: 7 [recommend contributor recommended]. Question popularity: 18 [recommend question].

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