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

question 42

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​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.
-​Formatted screens and built-in databases of patient accounts and vendors allow actions to be performed faster


Definitions:

Interest Rate

The ratio of interest a borrower must pay to a lender for using their money.

Monthly Payments

Monthly payments refer to the regular amounts paid monthly on a loan or lease over the duration of the agreement.

Rate Of Return

The advantage or disadvantage in the fiscal valuation of an investment over a designated period, communicated as a percentage of the investment's primary expense.

Business Venture

An entrepreneurial enterprise or company started with the aim of achieving growth and profitability.

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