Which Accounting System Has the Least Chance of Errors Because

question 23

Multiple Choice

Which accounting system has the least chance of errors because of the small amount of posting required?

• A)Double-entry
• B)Peg-board
• C)Single-entry
• D)There is very little difference among the three.

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Definitions:

Expenses

Costs incurred in the process of earning revenue, including operational, administrative, and selling activities.

Cash

Money in the form of currencies that can be used immediately for transactions or as a medium of exchange.

Disinfection

The process of eliminating or reducing harmful microorganisms from surfaces or objects, to prevent infection.

Surgical Asepsis

Techniques used to maintain a sterile environment and prevent infection during surgical procedures.