​Identify Whether the Following Description Is an Advantage of the Double-Entry

question 53

Multiple Choice

​Identify whether the following description is an advantage of the double-entry bookkeeping system over the single-entry system.Note: Answers may be used more than once.
-​Many types of useful reports can be produced,which helps management monitor and control the business by making wise decisions based on financial gains and losses

• A)​advantage
• B)disadvantage

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Definitions:

Desire for Success

the motivation or drive to achieve favorable outcomes, excel in endeavors, and reach personal or professional goals.

Mastery Orientation

A learning orientation characterized by a focus on gaining new knowledge or abilities and improving.

Performance Orientation

A learning orientation characterized by a focus on presenting oneself well and appearing intelligent to others.

Prudence

The quality of being careful, thoughtful, or wise in practical affairs or decision-making.