Single-entry bookkeeping system also known as Single-entry accounting system is a one sided accounting entry to maintain financial information.
Contents
1 Overview
2 Advantages
3 Disadvantages
4 See also ...
single-entry bookkeeping An accounting method in which transactions are recorded as a single entry, rather... single-life annuity An annuity that provides income benefits for one, individual person.
Double deductions can occur when the contractor uses a single-entry bookkeeping system. Some job costs may be both capitalized and expensed in the current period.
[24] The historical origin of the use of the words 'debit' and 'credit' in accounting goes back to the days of single-entry bookkeeping in which the chief objective was to keep track of amounts owed by customers (debtors) and amounts owed to ...
 See also: Bookkeeping, Expense, Generally accepted accounting principles, Invoice, Double-entry bookkeeping
  
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