venkat

• Jun 4th, 2007

 

Single entry system use only Debit or Credit only. If the payment made there is only one one debit only but Double entry system means for every Debit there is opposite Credit also there.

Example : cash payment made some one
debit for party at the same time credit to Cash.

mrforever

 Profile Answers by mrforever Questions by mrforever

• Jan 21st, 2008

 

Single Entry is an incomplete record of book keeping Whereas Duble Entry is an complete record of book keeping.

sreejithsr

 Profile Answers by sreejithsr 

• Nov 28th, 2010

 

In Single Entry System Cash / Bank transactions mentioned in same column But double  entry transactiones mentioned in seperated by Cash & Bank column.