One of the advantages of the shortcomings of single entry procedures is tha...
Question
One of the advantages of the shortcomings of single entry procedures is that
Options
A) a trial balance is not available
B) profits are overestimated
C) there are no subsidiary books
D) there are no control accounts
Explanation:
An advantage of the shortcomings of single entry procedures is that a trial balance is not available.
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Dicussion (1)
Studies show that we remember only 10 - 50% of what we learn passively (e.g. by watching others do it, reading or listening) two weeks later, whereas, we remember 70 - 90% of what we learn actively (e.g. by actually doing it ourselves, speaking or writing about it). This means that posting a comment, contribution, explanation or reply here is a great way to evaluate what you know and practice active recall. This will help you learn actively and retain more. Always remember to be civil and polite. Note also that you earn XP points when you make contributions to help others learn.
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An advantage of the shortcomings of single entry procedures is that a trial balance is not available.